In 2017, this organization celebrates its 160th anniversary. In all these years Siemens AG has grown from a tiny workshop in the backyard of the Werner Siemens' house into an enormous international concern that manufactures merchandise for various purposes. Siemens carries on its business in such areas as electronic engineering and electrical technology, medical equipment, lighting technology, telecommunication services, power industry, transport infrastructure, etc. A while ago Siemens was known for its mobile phones and refrigerators, but in our days the company chose to focus on more global issues. Medical equipment by Siemens is considered the best-of-class, the company lashes out tens of millions of dollars on recent developments in this field. Siemens' devices for diagnostics are in operational service with world top-rank clinics. The concern is represented in over 200 countries, which makes it one of the world's leaders upon indications of geographic footprint. The number of Siemens employees hits over 450 000. Company's R&D establishments are located in 22 countries. The average annual amount of business as of the last 5 years has 85 billion EUR.
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