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 CompletedGlobal 500, is an annual ranking of the top 500 corporations worldwide
Global 500Top 100 largest companies in Russia by revenue
Top 100Had a subsidiary company and production facilities. 04.2023: Khorovich Mikhail Borisovich is no longer the CEO of the organization. Mirakyan Avet Vladimirovich becomes the new General Director of the organization. LLC INVESTMENT GROUP "INSIGHT" becomes the new founder of the organization. The record about the founder BERLINER FERMÖGENSFERWALTUNG GMBH has been removed. The record about the founder SIEMENS BETAILIGUNGSFERVALTUNG GMBH & CO. OHG has been deleted - finalized sale.
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 remained in the Russian Federation in 2022 (in total, they had more than a dozen legal entities), but a clear trend towards exit is visible. In April 2023 finalized sales of assets.
| May 12, 2023 | Siemens response |
| December 22, 2022 | Der Spiegel: Siemens stopped deliveries to Russia |
| October 06, 2022 | Insight investment group bought a leasing subsidiary of Siemens that left Russia |
| April 12, 2022 | Siemens to wind down Russian business |
| March 25, 2022 | Siemens subsidiary for the production of medical equipment will continue to work in Russia - Bloomberg |
| March 02, 2022 | Siemens Energy stopping all new business in Russia |
| March 02, 2022 | Siemens Freezes New Business in Russia |