"Israeli companies are very successful, backed by years of experience, development and production of field equipment for the creation of solar energy," - Peter Loescher, president and chief executive of Siemens.

Highlights:

·          The Siemens Corporation has been intermittently active in Israel since 1924,   when it was first registered in Tel Aviv as a foreign company under the British Mandate.

·          Siemens began actively investing in Israel in the mid 1990's.

·          2000-Siemens established the local subsidiary, Siemens Israel.

·          2002-Siemens Israel and Virtual Extension concluded a successful pilot project of the VE Location-based Call Routing System, which was installed at the Siemens premises in Rosh Ha'ayin.

·          2004-Siemens acquired Israeli hi-tech company eShip-4u to be merged with Siemens Israel.

·          2004-Siemens Venture Capital is established.

·          2007-WEF chose Siemens Israel as a Technology Pioneer 2008.

·          2008-Siemens teamed up with Optitex Ltd and Bernini's My Label to use the 2D DCM parametric solver for fashion designers.

·          Siemens Israel currently focuses on three application fields: Energy and Environmental Care / Automation and Control, Industrial and Public Infrastructures / Healthcare, while Siemens IT Solutions and Services functions across all the three fields

Returns:

·          2004-Siemens Medical Solutions group invested in the Jerusalem based CADVision.

·          2004-Siemens Venture Capital invested in optical networking component vendor BroadLight.

·          2006-Siemens and Mekorot, Israel's national water company, signed an agreement to jointly develop water treatment technologies that will help solve some of the world's most difficult water challenges.

·          2008- Siemens Venture Capital announced its plans to expand its investments in Israel’s medical equipment, energy, water and industrial sectors.

·          To date, Siemens has invested $150 million in Israeli start-ups and venture capital funds, including Alvarion a maker of WiMax modems and equipment, and video conferencing systems maker Radvision

·          Siemens Venture Capital has invested more than 700 million euros ($1 billion) in over 100 start-ups and 35 venture capital funds, mainly in the United States, Europe and Israel. 

·          Siemens employs over 800 people in Israel, of which over 200 are in sales. and project development for the Israeli market, and the rest in R&D and manufacturing for the Siemens portfolio.

·          Siemens had worldwide sales of $48 billion in fiscal 2007.