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SIEMENS
Siemens Israel-Profiting in an Array of Israeli Industries

"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.

Profile

Siemens AG provides leading-edge solutions in information and communication, automation and control, power, transportation, medical and lighting.

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. It  began actively investing in Israel in the mid 1990's. In 2000, Siemens established the local subsidiary, Siemens Israel, with headquarters in Rosh Ha'ayin. Since then, Siemens has been involved in many of the country's strategic infrastructure projects in the fields of energy, industry and healthcare, as well as in procurement and investment activities.


Highlights


 2007 - The World Economic Forum chose Siemens Israel as a Technology Pioneer.

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

 In addition to Siemens Israel, Siemens AG owns four R&D and manufacturing centers in Israel: Siemens Industry Software Solutions Ltd. (formerly Tecnomatix) is the R&D center of Siemens PLM Software; Siemens CADVision R&D Center develops software for improving diagnosis in medical imaging systems; Mitug is the manufacturing arm of Siemens Israel Infrastructure & Cities sector in the Medium & Low Voltage Division; Siemens Concentrated Solar Power Ltd. (formerly Solel) develops and manufactures solar fields for solar power plants.

 Today, Siemens leads the energy market in Israel. In fact, more than 30% of the countrys electricity supply is produced with Siemens turbines.

 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 Healthcare installed a second digital mammography system at the Rambam Medical Center in Haifa, which cooperates with the Siemens CADVision Research and Development (R&D) Center in Jerusalem.

Investments


 2004 - Siemens Venture Capital is established; Siemens Medical Solutions group invested in the Jerusalem based CADVision; Siemens Venture Capital invested in optical networking component vendor BroadLight; Siemens acquired Israeli hi-tech company eShip-4u to be merged with Siemens Israel.


 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 Israels medical equipment, energy, water and industrial sectors.

 Between 2008 and 2011, Siemens invested more than EUR 300 million and has strengthened its position in Israels renewable energy market by acquiring a 37 % equity ($15 million) in Arava Power Company, a local developer of photovoltaic power plants.  Siemens acquired 100% of Solel Solar for $418 million in the same year.

 In 2011 Siemens Concentrated Solar Power Ltd. built Israel's first solar energy field that Arava Power Company inaugurated at Kibbutz Ketura. Click to a watch a film about the new solar energy field.

 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.

 In fiscal 2011 Siemens sales to customers in Israel amounted to EUR 173.2 million and new orders totaled EUR 325.7 million. Siemens currently employs more than 830 people in Israel.

 


Last modified: 9/13/2012 pic