German multinational technology conglomerate. It is focused on industrial automation, distributed energy resources, rail transport and health technology. Siemens is the largest industrial manufacturing company in Europe, and holds the position of global market leader in industrial automation and industrial software.
In the mid-1960s, the market for electrical household appliances fell into crisis. In order to increase their competitiveness in this area and to be able to meet the challenges of the European market, Robert Bosch GmbH and Siemens AG officially decided on January 13, 1967 to work together in Bosch-Siemens Hausgeräte GmbH (BSHG).