Siemens AG is a German multinational conglomerate company headquartered in Munich and the largest industrial manufacturing company in Europe with branch offices abroad. The principal divisions of the company are Industry, Energy, Healthcare, and Infrastructure & Cities, which represent the main activities of the company.
The company is a prominent maker of medical diagnostics equipment and its medical health-care division, which generates about 12 percent of the company's total sales, is its second-most profitable unit, after the industrial automation division. Siemens and its subsidiaries employ approximately 385,000 people worldwide and reported global revenue of around €87 billion in 2019 according to its earnings release.
Innovations, such as the world's first electric train in 1879, when Siemens & Halske unveiled a train in which power was supplied through the rails, and the world's first electric tram in 1881, with the implementation of 2.5-kilometer-long electric tramway located in Berlin, built at the company's own expense, cemented the use of electric power in transportation systems. In the following years, inventions such as the first electric trolleybus, mine locomotives, and the first underground railway in continental Europe (in Budapest), set the path from trams and subways to today's high-speed trains.