Siemens AG Österreich#

Siemens AG Oesterreich, electrical engineering and electronics company, located in Vienna, founded in 1879. Important achievements of Siemens & Halske in Austria: the first electric railway running between Moedling and Hinterbruehl and the first electric passenger elevator up Moenchsberg Mountain in Salzburg. Today Siemens AG Oesterreich is active in the following fields: communications and plant technology, traffic and power engineering, building technology and plant engineering, programme and systems engineering, motive power engineering, circuitry, installation technology, automation technology, building technologies, medical engineering and electrical appliances. Research centres in Vienna, Graz and Salzburg; production facilities in Vienna, Deutschlandsberg and Waidhofen an der Thaya. The semiconductor sector was spun off in 1999 ( Infineon Technologies Villach AG). Annual turnover (1998/99): ATS 29.97 billion; workforce: approximately 9,900. With an R and D budget of ATS 7.59 billion the company ranks high among European enterprises, operating one of the largest centres for software development and software programmes in Europe (3,538 employees). In the international Siemens group Austria bears responsibility for Slovenia, Croatia, Slovakia and Bosnia-Herzegovina. The Siemens works were nationalised in 1946 ( Nationalisation) but had already been largely re-privatised by 1971 through a merger with the German Siemens AG. Through the Industrial Holding AG Oesterreichische Industrieholding AG the Republic of Austria currently holds a 26 % share in Siemens AG Oesterreich. Between 1975 and 1994 the group was headed by W. Wolfsberger, it has been headed by A. Hochleitnersince then.