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Company Description

Contact Info

Wittelsbacherplatz 2

Munich, 80333

Germany

Phone: 49 89 636 00

Fax:

nture's management and technology consulting, systems integration and managed-services capabilities. In April 2014, Intel Security and a wholly-owned subsidiary of Intel Corporation, have announced that they are extending partnership to enhance the security offerings for industrial customers to protect against evolving cyber threats. This partnership will take advantage of the depth of both companies' security portfolios and further enhances the joint effort started in 2011. In April 2014, Siemens Healthcare and the National Kidney Foundation have announced a new strategic alliance focusing on education, awareness and screening for kidney disease in high-risk individuals. This collaboration will reportedly leverage the testing recommendations from the NKF to improve detection among the 73 million Americans at risk for kidney disease. In April 2014, Tangshan Iron and Steel Group Company Limited (Tangsteel) under Hebei Iron & Steel Group Co., Ltd. has inked framework agreement with Siemens Ltd. China for strategic cooperation in energy conservation and environmental. In April 2014, Siemens AG and Beijing Automotive Industry Holding Co. Ltd. have formed a joint venture, Beijing Siemens Automotive E-Drive System Co. Ltd., to manufacture engines for hybrid and electric vehicles in China. The JV would manufacture components for the electric drive train including power-electronics and electric motors. In June 2014, Siemens Ltd. announced that Siemens AG, Germany has entered into an agreement with Mitsubishi-Hitachi Metals Machinery, Inc., and Mitsubishi Heavy Industries for setting up a joint venture to operate in the business of metallurgical industry as a complete provider of plant, products and services for the iron, steel and aluminium industry. Siemens AG had agreed with Mitsubishi Heavy Industries Ltd. to create a joint venture with that would provide products and services for the iron, steel and aluminum industry. In August 2014, Siemens AG, Germany has entered into an agreement with Mitsubishi-Hitachi Metals Machinery, Inc. (MHMMI), and Mitsubishi Heavy Industries (MHI) for setting up a joint venture to operate in the business of metallurgical industry as a complete provider of plant, products and services for the iron, steel and aluminium Industry and that the Board of Directors its meeting held on June 8, 2014, has agreed in principle to transfer the Metals Technologies business of the company to a designated entity subject to such terms and conditions as may be decided later on. In November 2014, LG Chem Ltd. and Siemens AG have agreed to collaborate on project development and marketing of industrial battery storage systems, and have signed a memorandum of understanding to this effect. History Siemens Aktiengesellschaft was founded in 1847.

 

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SIE

Industry Average

Valuation SIE Industry Range
Price/Earnings 14.6x
Price/Sales 1.1x
Price/Book 2.4x
Price/Cash Flow 14.8x
TEV/Sales 0.7x
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