Siemens Building Technologies

CPS designs and manufactures systems for building automation as well as products for heating, ventilation, air conditioning applications, for lighting, blinds controls, fire safety and extinguishing systems.

The SSP unit offers integrated solutions for specialized areas of application or markets such as data centers, airports or life science. The SSP unit develops strategies, messaging and tools which support the digitalization of buildings and processes.

In 2002 the Siemens Group sold seven subsidiary companies to the US financial investor Kohlberg Kravis Roberts. Most affected by this sale was the Swiss company Siemens Metering, located in Zug. 160 out of 360 employees lost their jobs. Siemens Metering was the result of the merger between Siemens and Landis & Gyr in 1998.[11]

The documentary “Verlorene Welt – Aus dem Innenleben des einstigen Konzerns Landis & Gyr” [12] by Claudia Schmid and Michael van Orsouw involves the subject and had its first performance at the Solothurn Film Festival 2006.

Siemens sharpened 2006 the rules of conduct for its employees as a reaction of the financial scandal about disloyalty and assumed corruption.[13] Peter Rüegg and Siemens Manager Roland Rümmeli found themselves in the sight of the investigations. Rümmeli was accused to have redirected kickbacks to his private accounts. The laid off portfolio manager paid back the illegal drawn money (400’000.00 CHF) to Siemens,.[14][15]