Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed

Siemens AG is a German multinational conglomerate corporation and the largest industrial manufacturing company in Europe. The principal divisions of the corporation are Industry, Energy, Healthcare and Infrastructure & Cities.

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed

Global 500, is an annual ranking of the top 500 corporations worldwide

Global 500

Top 100 largest companies in Russia by revenue

Top 100
Revenue(RF), mln.USD
1848
Staff
2700
Capital, mln.USD
2064
Glob.Revenue, mln.USD
68391
Assets, mln.USD
2284

Has a subsidiary company and production facilities.

The Company Statement
May 12, 2022

Exit Russian market. Siemens has already sold 4 large factories (SIMENS ENERGETIKA TRANSFORMATORY LLC, Siemens Gas Turbine Technologies LLC, Siemens Transformers LLC, and Siemens Finance LLC). The Group's assets still remain in the Russian Federation (in total, they had more than a dozen legal entities), but a clear trend towards exit is visible.

October 06, 2022Insight investment group bought a leasing subsidiary of Siemens that left Russia
March 25, 2022Siemens subsidiary for the production of medical equipment will continue to work in Russia - Bloomberg
December 22, 2022Der Spiegel: Siemens stopped deliveries to Russia
March 02, 2022Siemens Freezes New Business in Russia
April 12, 2022Siemens to wind down Russian business
March 02, 2022Siemens Energy stopping all new business in Russia
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