Businessweek

Siemens Aktiengesellschaft operates as an electronics and electrical engineering company worldwide. The company also conducts business with customers in Iran, Syria, and Cuba. Segments The company operates through various segments, such as four sectors, including Energy, Healthcare, Industry, and Infrastructure & Cities; Equity Investments; and Financial Services. ENERGY This sector offers a spectrum of products, services, and solutions for the generation and transmission of power, and the extraction, conversion, and transport of oil and gas. The company primarily addresses the needs of energy providers, and also serves industrial companies, primarily in the oil and gas industry. In 2012, this sector included five divisions, such as Fossil Power Generation; Wind Power; Oil & Gas; Power Transmission; and Energy Service. Fossil Power Generation This division offers high-efficiency products and solutions for fossil-based power generation. The offering extends from gas and steam turbines and generators to turnkey power plants. This division concentrates on gas and steam turbines and turbo generators, including control systems, in the power range, with an emphasis on combined-cycle (gas and steam) power plants, heat recovery steam generators, steam power plants, and conventional islands for nuclear power plants. It also develops solutions for instrumentation and control systems for all types of power plants and for use in power generation, including information technology solutions providing management applications from the plant to the enterprise level and is working on the development and production of systems based on emerging technologies, such as integrated gasification and carbon capture and storage. In the year ended September 30, 2012, this division acquired the NEM B.V. business, a specialist in heat recovery steam generators for combined-cycle power plants. To expand its global gas turbine manufacturing network, this division launched a subsidiary, Siemens Gas Turbine Technologies Holding B.V. in the year ended September 30, 2012. This division has a 65% stake in the subsidiary. As part of the transaction, this division completed the sale of its 25% interest in OAO Power Machines, Russia. This division is represented in various joint ventures in China, including Shanghai Electric Power Generation Equipment in which this division holds a stake of 40%. Wind Power This division manufactures wind turbines with a power rating ranging from 2.3 megawatts to 6.0 megawatts and rotor diameters spanning 82 to 154 meters for on- and offshore applications. It also provides services to off- and onshore wind farms. This division holds a 49% equity stake in a joint venture with Dong Energy A/S, A2Sea A/S, a supplier of installation services for the construction of offshore wind-farms. In the year ended September 30, 2012, this division entered into agreements for two joint ventures with Shanghai Electric Group for the production and sale of wind turbines in China. Oil & Gas This division supplies small and medium gas and steam turbines for industrial power generation and mechanical drives, as well as turbo compressors for a range of applications to the oil and gas industries, the process industry, and other industries. This division also offers various automation and electrical products, systems, and solutions for field; production and management levels; enterprise intelligence solutions for operation; and planning, scheduling, and life-cycle services, as well as design and performance enhancement programs. In addition, this division offers a range of water treatment, (re-)injection, and management systems for onshore installations and for fixed and floating facilities offshore. The acquisitions, including all of the shares of five entities, including the Connectors and Measurements business of Expro Holdings UK 3 Ltd., help this division to expand its range of products, solutions, and consulting services for subsea activities. Energy Service This division offers services, including parts and components, for power plants, including on- and offshore wind farms, as well as rotating machines, s