Siemens 2005 Annual Report Download - page 16

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16
Fit4More
Performance and Portfolio
Letter to our Shareholders Managing Board Fit4More
Performance and Portfolio
Siemens – A strong portfolio
Siemens operates in six business areas. In each area, we implement active portfolio policies
to continuously optimize our performance:
■In the Information and Communications area, we have augmented our expertise in key
growth fields through the acquisition of specialists like Chantry and Myrio. We are
intensifying our focus on systems and solutions for communications infrastructure.
As part of this strategy, we sold our mobile devices business to the Taiwanese company
BenQ.
■In the Automation and Control area, our Flender and Robicon acquisitions have
strengthened our leading position in automation systems. With the acquisition of
USFilter, we have entered a new growth field: water.
■Our acquisitions of Bonus Energy (wind power) and VA Technologie AG (power trans-
mission) have further strengthened our portfolio in the Power area. VA Technologie is
also supplementing our activities in the industry sector while boosting our presence in
Central and Eastern Europe.
■In the Transportation area, we have expanded our automotive systems business, prima-
rily in the Americas and Asia-Pacific.
■The acquisition of CTI Molecular Imaging has strengthened our activities in key growth
sectors within the Medical area.
■In the Lighting area, our Osram Group has expanded its product spectrum, particularly
in the field of opto semiconductors.
Sales by business area
Lighting
6% Information and Communications
23%
Medical
10%
Transportation
19%
Power
16%
Automation and Control
26%