!!!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.


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