Siemens

Siemens Latvija legal form

Establishing Siemens SIA as a daughter company of Siemens OY

03/30/1995

Siemens Oy Branch Office

10/01/2009

Siemens Healthcare Oy Branch Office

October 1, 2015

Important events impacting Siemens Latvia organisation

Four-Eyes Management Principle

June 2002

Siemens sells mobile device business

12/01/2005

Latvia sales drop by 20%

Siemens global corruption scandal

November 2006

Siemens sells telecommunication business

10/01/2007

2005./2006. this business was 40% of Siemens Latvia Sales
2006./2007. this business was 23% of Siemens Latvia Sales

Integration of Siemens Diagnostic

January 2009

New business generates 15-20% of yearly Sales

Verticalisation of Baltic - Finland Management Structure

10/1/2009

SIS carve-out

10/1/2010

5% of Siemens Latvia Sales

Regional support function centralisation

2011

Small Country Concept

10/01/2013

Healthcare carve-out

October 1, 2015