the Deutsche Bundesbank. In its transactions with the company and third parties, Financial Services observes international banking industry standards, where applicable. Competition This segment’s competitors include BNP Paribas Equipment Finance, De Lage Landen, General Electric Commercial Finance, Macquarie, Societe Generale Equipment Finance, and Sumitomo Mitsui Financial Group. Acquisitions In 2012, the company acquired all of the shares of five entities constituting the Connectors and Measurements division of Expro Holdings UK 3 Ltd. The acquired business engineers and manufactures subsea components, such as cable connectors, sensors, and measuring devices. Dispositions and Discontinued Operations In August 2013, the company completed the sale of its 50% stake in Nokia Siemens Networks Holding B.V., a supplier in the telecommunications infrastructure industry, held by the Equity Investments segment, to Nokia Corporation. In the year ended September 30, 2013, the company decided to sell its Water Technologies business unit. In 2012, the company completed the sale of its 25% stake in OAO Power Machines, held by the Energy sector. Strategy The company’s strategy comprises what it calls its three strategic directions, including focusing on innovation-driven growth markets, getting closer to its customers, and using the power of the company. Environmental Matters Some of the company’s products are subject to the Directive 2002/95/EC of the European Parliament and of the Council on the Restriction of the Use of Certain Hazardous Substances in Electrical and Electronic Equipment (the RoHS Directive). The company is in compliance with current requirements under the RoHS Directive. The company is also subject to the Regulation (EC) No 1907/2006 of the European Parliament and of the Council concerning the Registration, Evaluation, Authorisation and Restriction of Chemicals. Research and Development The company’s research and development activities are geared toward ensuring sustainable energy supplies and developing software solutions, which are essential to maintaining the long-term competitiveness of its sectors. Accordingly, major focus areas include increasing the efficiency of renewable and conventional energy sources for power generation; improving low-loss electricity transmission systems; developing new solutions for smart grids, carbon dioxide separation systems for power plants, and technologies for storing energy from fluctuating renewable sources; making medical imaging, in-vitro diagnostics, and healthcare IT an integral part of outcome oriented treatment plans; and further development of industrial software to accelerate processes at every point along the value chain. Another major focus is promoting efficient energy use in buildings, industrial facilities, and the transport sector, including the development of electric drives and mass transportation systems, such as local and long-distance trains and subways. In the year ended September 30, 2013, the company reported research and development expenses of €4.291 billion. Patents As of September 30, 2013, the company held approximately 60,000 granted patents worldwide in its continuing operations. History Siemens Aktiengesellschaft was founded in 1847.
siemens ag-spons adr (SI:New York)
Phone: 49 89 636 00
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