Siemens 2007 Annual Report Download - page 37

Fit42010 37
Acquisitions are
strengthening our
market position.
With markets constantly changing, portfolio management is an ongoing task. Our major port-
folio measures in fi scal 2007 included:
¢ The acquisition of Texas-based UGS, which is making us the fi rst company to bridge the gap
between virtual product and production planning and real-life manufacturing on the factory
fl oor. Implementing our intelligent factory concept (see page 50) to link these two worlds will
allow experts to closely coordinate new product development and the design of new produc-
tion facilities through simulation. It will also reduce manufacturing errors, slash production
ramp-up time and cut time-to-market by as much as 40 percent. This innovative approach will
be particularly benefi cial in the automotive and aircraft industries. None of our competitors
can offer similar advantages. Here again, we’re raising the bar.
¢ The acquisition of the U.S. diagnostics company Dade Behring, which has made us a leading
supplier of in-vitro diagnostics and the world’s only integrated diagnostics company. This
investment is a further major step toward making our vision of knowledge-based healthcare
a reality. Our presence in all areas of medical diagnostics is not only a key lever for integrat-
ing clinical workfl ows and bundling clinical information; it will also help us improve health-
care quality while cutting costs.
As part of our Fit42010 program, we originally planned to publicly list Siemens VDO Automo-
tive. However, after reviewing all the options, our Managing and Supervisory Boards decided to
sell the Group to Continental AG. The alliance with Continental has major advantages for all our
stakeholders. It provides the businesses and employees of Siemens VDO with promising per-
spectives, respects the interests of our shareholders and represents a major advance in our ef-
forts to sharpen the focus of our portfolio and reduce the Company’s complexity.
Focus on three high-
growth Sectors
Industry Energy Healthcare
¢ Automation and Drives (A&D)
¢ Industrial Solutions
and Services (I&S)
¢ Siemens Building
Technologies (SBT)
¢ Transportation Systems (TS)
¢ OSRAM
¢ Power Generation (PG)
¢ Power Transmission and
Distribution (PTD)
¢ Medical Solutions (Med)
¢ Siemens IT Solutions and Services (SIS) ¢ Siemens Financial Services (SFS)