Theatinerstraße is a street in Munich 's old town . It connects the Odeonsplatz with the southern Marienhof and houses a number of classical buildings and several shops. The street received its name due to the adjoining Theatinerkirche ; it used to be called Hintere Schwabinger Gasse .
56-739: The Theatinerstraße extends from the Odeonsplatz south to the Marienhof. The Viscardigasse and the Perusastraße connect them with the residential road in the east; via the Salvatorstraße or the Maffeistraße, the western parallel road Kardinal-Faulhaber-Straße can be reached. At the height of the Marienhof, the Theatinerstraße turns into Weinstraße at the junction Schäfflergasse, which then leads past
112-781: A pedestrian zone and not is passable for motorized individual traffic. With the Munich Underground , the Theatinerstraße can be reached from the underground station Odeonsplatz via the lines U3, U4, U5 and U6. Also at Odeonsplatz, there is a bus stop served by lines N40, N41 and 100. For the Munich tram there is the Theatinerstraße stop at the corner of Maffeistraße, which is served by the line 19. 48°8′24″N 11°34′35″E / 48.14000°N 11.57639°E / 48.14000; 11.57639 Odeonsplatz 48°08′32″N 11°34′39″E / 48.1422°N 11.5775°E / 48.1422; 11.5775 The Odeonsplatz
168-561: A $ 100 million fund at the World Bank to support anti-corruption activities over 15 years, known as the "Siemens Integrity Initiative." Other substantial fines include a payment of ₦7 billion (US$ 46.57 million) to the Nigerian government in 2010, and a US$ 42.7 million penalty in Israel in 2014 to avoid charges of securities fraud. In 2006, Siemens purchased Bayer Diagnostics which was incorporated into
224-503: A US lawyer, as an independent director in charge of compliance and accepting oversight from Theo Waigel , a former German finance minister. Siemens implemented new anti-corruption policies, including a comprehensive anti-corruption handbook, online tools for due diligence and compliance, a confidential communications channel for employees, and a corporate disciplinary committee. This process involved hiring approximately 500 full-time compliance personnel worldwide. Siemens's bribery culture
280-821: A central square. As a result, the obelisk in memory of the Bavarian troops who had died fighting with Napoleon in his Russian campaign was instead erected in the Karolinenplatz in 1833. In 1862 an equestrian statue of Ludwig I was added at the mouth of the street between the Odeon and the Palais Leuchtenberg; it was designed by Ludwig von Schwanthaler and executed by Max von Widnmann . The Odeonsplatz has traditionally been an important site of parades and public events, including funeral processions (most recently for Franz Josef Strauss in 1988), victory parades (most recently for
336-487: A company branch headed by another brother, Carl Heinrich von Siemens , opened in St Petersburg , Russia. In 1867, Siemens completed the monumental Indo-European telegraph line stretching over 11,000 km from London to Calcutta . In 1867, Werner von Siemens described a dynamo without permanent magnets. A similar system was also independently invented by Ányos Jedlik and Charles Wheatstone , but Siemens became
392-466: A fine as high as $ 5 billion, the final amount was significantly less, in part due to Siemens's cooperation with the investigators, the upcoming change in the US administration, and Siemens's role as a US military contractor . The payments included $ 450 million in fines and penalties and a forfeiture of $ 350 million in profits in the US. Siemens also revamped its compliance systems, appointing Peter Y. Solmssen ,
448-401: A legally independent company: Siemens Electromechanical Components GmbH & Co. KG, (which, later that year, was sold to Tyco International Ltd for approximately $ 1.1 billion. In the same year, Siemens Nixdorf Informationssysteme AG became part of Fujitsu Siemens Computers , with its retail banking technology group becoming Wincor Nixdorf . In 2000, Shared Medical Systems Corporation
504-567: A multi-national bribery scandal. Among the various incidents was the Siemens Greek bribery scandal , where the company was accused of deals with Greek government officials during the 2004 Summer Olympics . This case, along with others, triggered legal investigations in Germany, initiated by prosecutors in Italy, Liechtenstein, and Switzerland, and later followed by an American investigation in 2006 due to
560-475: A parklike setting, Klenze created an enclosed urban square to better fit with the adjacent Old Town. However, the Feldherrnhalle, erected to close the view at the southern end on the site of the demolished gate, was commissioned from Klenze's rival Friedrich von Gärtner in 1840–41. As the building of the square continued, the project expanded to include the new Ludwigstraße; originally it had been intended as
616-621: Is a large square in central Munich which was developed in the early 19th century by Leo von Klenze and is at the southern end of the Ludwigstraße , developed at the same time. The square is named for the former concert hall, the Odeon , on its northwestern side. The name Odeonsplatz has come to be extended to the parvis (forecourt) of the Residenz , in front of the Theatine Church and terminated by
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#1732872477929672-565: Is the largest industrial manufacturing company in Europe, and holds the position of global market leader in industrial automation and industrial software . The origins of the conglomerate can be traced back to 1847 to the Telegraphen Bau-Anstalt von Siemens & Halske established in Berlin by Werner von Siemens and Johann Georg Halske . In 1966, the present-day corporation emerged from
728-818: The BenQ-Siemens division. Also in 2005 Siemens acquired Flender Holding GmbH ( Bocholt , Germany, gears/industrial drives), Bewator AB (building security systems), Wheelabrator Air Pollution Control, Inc. (Industrial and power station dust control systems), AN Windenergie GmbH. (Wind energy), Power Technologies Inc. ( Schenectady , USA, energy industry software and training), CTI Molecular Imaging ( Positron emission tomography and molecular imaging systems), Myrio ( IPTV systems), Shaw Power Technologies International Ltd (UK/USA, electrical engineering consulting, acquired from Shaw Group ), and Transmitton ( Ashby de la Zouch UK, rail and other industry control and asset management). Beginning in 2005, Siemens became embroiled in
784-754: The Cumann na nGaedheal government. Siemens (at the time: Siemens-Schuckert ) exploited the forced labour of deported people in extermination camps . The company owned a plant in Auschwitz concentration camp . Siemens exploited the forced labour of women deported to the Ravensbrück concentration camp ; a Siemens factory was located in front of the camp. During the final years of World War II , numerous plants and factories in Berlin and other major cities were destroyed by Allied air raids. To prevent further losses, manufacturing
840-620: The European Commission for price fixing in EU electricity markets through a cartel involving 11 companies, including ABB , Alstom , Fuji Electric , Hitachi Japan , AE Power Systems, Mitsubishi Electric Corp , Schneider , Areva , Toshiba and VA Tech . According to the commission, "between 1988 and 2004, the companies rigged bids for procurement contracts, fixed prices, allocated projects to each other, shared markets and exchanged commercially important and confidential information." Siemens
896-571: The Feldherrnhalle , which lies to the south of it. The square was the scene of a fatal gun battle which ended the march on the Feldherrnhalle during the 1923 Beer Hall Putsch . The Odeonsplatz is located north of the Old Town, on the border between Altstadt-Lehel (to the east) and Maxvorstadt (to the west). On the west side, which is set back from the line of the Ludwigstraße, are the building of
952-512: The Marienplatz , the Odeonsplatz remains an important site for both civic events and demonstrations. Siemens Siemens AG ( German pronunciation: [ˈziːməns] or [-mɛns] ) is a German multinational technology conglomerate . It is focused on industrial automation , distributed energy resources , rail transport and health technology . Siemens
1008-722: The New Town Hall to the Marienplatz. The Theatinerstraße–Weinstraße is part of the north-south medieval trade route, which existed at the time of the city's founding in the 12th century and crossed the salt road at Marienplatz in an east-west direction. The transition from the Weinstraße to the Theatinerstraße marks the border of the medieval so-called Heinrichsstadt. There, until 1691, the Hinteres Schwabinger Tor (rear Schwabinger Tor) also called Wilbrechtsturm (Wilbrecht tower),
1064-802: The Odeon (1826–28, now the Bavarian Ministry of the Interior ) and the identical Palais Leuchtenberg (1817–21, now the Bavarian State Ministry of Finance ), both modelled on the Palazzo Farnese in Rome . On the east side is Klenze's Bazaar Building , including the Café Tambosi. Between the two buildings on the west side, an unnamed street leads to the Palais Ludwig Ferdinand (1825–26, now
1120-606: The Siemens-Reiniger-Werke AG (SRW), the third of the so-called parent companies that merged in 1966 to form the present-day Siemens AG. In the 1920s, Siemens constructed the Ardnacrusha Hydro Power station on the River Shannon in the then Irish Free State , and it was a world first for its design. The company is remembered for its desire to raise the wages of its underpaid workers, only to be overruled by
1176-418: The parvis to the south of it was determined by King Ludwig I of Bavaria , who in 1816, while still Crown Prince, commissioned Klenze to lay out the whole of the Ludwigstraße, including the square at its southern end. The Italianate neo-classical style of the first building, the Palais Leuchtenberg, set the tone, and unlike earlier plans by Friedrich Ludwig von Sckell which had featured buildings surrounded by
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#17328724779291232-537: The 1950s, and from their new base in Bavaria , S&H started to manufacture computers , semiconductor devices , washing machines , and pacemakers . In 1966, Siemens & Halske (S&H, founded in 1847), Siemens-Schuckertwerke (SSW, founded in 1903) and Siemens-Reiniger-Werke (SRW, founded in 1932) merged to form Siemens AG. In 1969, Siemens formed Kraftwerk Union with AEG by pooling their nuclear power businesses. The company's first digital telephone exchange
1288-534: The 1990s. In 1993–1994, Siemens C651 electric trains for Singapore's Mass Rapid Transit (MRT) system were built in Austria. In 1997, Siemens agreed to sell the defence arm of Siemens Plessey to British Aerospace (BAe) and a German aerospace company, DaimlerChrysler Aerospace . BAe and DASA acquired the British and German divisions of the operation respectively. In October 1997, Siemens Financial Services (SFS)
1344-487: The American division in 1979. AMD closed Advanced Micro Computers in late 1981 after switching focus to manufacturing second-source Intel x86 microprocessors. In 1985, Siemens bought Allis-Chalmers ' interest in the partnership company Siemens-Allis (formed 1978) which supplied electrical control equipment. It was incorporated into Siemens's Energy and Automation division. In 1987, Siemens reintegrated Kraftwerk Union,
1400-612: The Bavarian troops who took part in the Franco-Prussian War of 1871), which proceeded down the Ludwigstraße to the Feldherrnhalle, with the VIP rostrum usually being located at the statue of Ludwig I. The annual parade to the Oktoberfest still follows this route. According to many historians, this traditional function was the reason for the Nazi march on the Feldherrnhalle on 9 November 1923 in
1456-534: The Industrial Systems Division of Texas Instruments , based in Johnson City, Tennessee . This division was organized as Siemens Industrial Automation, and was later absorbed by Siemens Energy and Automation, Inc. In 1992, Siemens bought out IBM 's half of ROLM (Siemens had bought into ROLM five years earlier), thus creating SiemensROLM Communications; eventually dropping ROLM from the name later in
1512-477: The Medical Solutions Diagnostics division on 1 January 2007, also in 2006 Siemens acquired Controlotron (New York) (ultrasonic flow meters), and also in 2006 Siemens acquired Diagnostic Products Corp., Kadon Electro Mechanical Services Ltd. (now TurboCare Canada Ltd.), Kühnle, Kopp, & Kausch AG, Opto Control, and VistaScape Security Systems. In January 2007, Siemens was fined €396 million by
1568-617: The Power Generation division of Siemens AG. Other parts of the company were acquired by Robert Bosch GmbH at the same time. Also, Moore Products Co. of Spring House, PA USA was acquired by Siemens Energy & Automation, Inc. In 2001, Chemtech Group of Brazil was incorporated into the Siemens Group; it provides industrial process optimisation, consultancy and other engineering services. Also in 2001, Siemens formed joint venture Framatome with Areva SA of France by merging much of
1624-490: The US and Germany in what was, at the time, the largest bribery fine in history. In addition, the company was required to invest $ 1 billion in developing and maintaining new internal compliance procedures. Siemens admitted to violating the accounting provisions of the Foreign Corrupt Practices Act , while its Bangladesh and Venezuela subsidiaries pleaded guilty to paying bribes. Despite initial expectations of
1680-402: The companies' nuclear businesses. In 2002, Siemens sold some of its business activities to Kohlberg Kravis Roberts & Co. L.P. (KKR), with its metering business included in the sale package. In 2002, Siemens abandoned the solar photovoltaic industry by selling its participation in a joint-venture company, established in 2001 with Shell and E.ON , to Shell. In 2003, Siemens acquired
1736-506: The company an infusion of cash to increase its product lines. The two companies also jointly established Advanced Micro Computers (AMC), located in Silicon Valley and in Germany, allowing AMD to enter the microcomputer development and manufacturing field, in particular based on AMD's second-source Zilog Z8000 microprocessors. When the two companies' vision for Advanced Micro Computers diverged, AMD bought out Siemens's stake in
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1792-553: The company built the first long-distance telegraph line in Europe: 500 km from Berlin to Frankfurt am Main . In 1850, the founder's younger brother, Carl Wilhelm Siemens, later Sir William Siemens , started to represent the company in London. The London agency became a branch office in 1858. In the 1850s, the company was involved in building long-distance telegraph networks in Russia. In 1855,
1848-645: The company opened an office in San Jose. On 7 March 2003, the company announced that it planned to gain 10 per cent of the mainland China market for handsets. On 18 March 2003, the company unveiled the latest in its series of Xelibri fashion phones. In 2004, the wind energy company Bonus Energy in Brande , Denmark was acquired, forming Siemens Wind Power division. Also in 2004, Siemens invested in Dasan Networks (South Korea, broadband network equipment) acquiring ~40% of
1904-475: The company's activities while listed on US stock exchanges. Investigations found that Siemens had a pattern of bribing officials to secure contracts, with the company spending approximately $ 1.3 billion on bribes across several countries, and maintaining separate accounting records to conceal this. Following the investigations, Siemens settled in December 2008, paying a combined total of approximately $ 1.6 billion to
1960-641: The conviction of two former executives in 2007 for bribing Italian energy company Enel , a settlement with the Greek government in 2012 for 330 million euros over the Greek bribery scandal, and a guilty plea in 2014 from former Siemens executive Andres Truppel for channeling nearly $ 100 million in bribes to Argentine government officials. Siemens also faced repercussions from the World Bank due to fraudulent practices by its Russian affiliate. In 2009, Siemens agreed not to bid on World Bank projects for two years and to establish
2016-680: The course of the Beer Hall Putsch, which ended in a gunfight in which four state police officers and 16 Nazis were killed. During the Third Reich , the annual memorial march passed through the square and continued to the Königsplatz , where the Nazi fallen had been interred. A memorial was erected for them to the east of the Feldherrnhalle, which all passersby were required to honour with the Hitler salute ; this
2072-627: The first company to build such devices. In 1881, a Siemens AC Alternator driven by a watermill was used to power the world's first electric street lighting in the town of Godalming , United Kingdom. The company continued to grow and diversified into electric trains and light bulbs . In 1885, Siemens sold one of its generators to George Westinghouse , thereby enabling Westinghouse to begin experimenting with AC networks in Pittsburgh, Pennsylvania. In 1887, Siemens opened its first office in Japan. In 1890,
2128-701: The flow division of Danfoss and incorporated it into the Automation and Drives division. Also in 2003 Siemens acquired IndX software (realtime data organisation and presentation). The same year in an unrelated development Siemens reopened its office in Kabul . Also in 2003 agreed to buy Alstom Industrial Turbines; a manufacturer of small, medium and industrial gas turbines for €1.1 billion. On 11 February 2003, Siemens planned to shorten phones' shelf life by bringing out annual Xelibri lines, with new devices launched as spring -summer and autumn-winter collections. On 6 March 2003,
2184-773: The founder retired and left the running of the company to his brother Carl and sons Arnold and Wilhelm. In 1892, Siemens was contracted to construct the Hobart electric tramway in Tasmania , Australia , as it increased its markets. The system opened in 1893 and became the first complete electric tram network in the Southern Hemisphere. Siemens & Halske (S & H) was incorporated in 1897 and then merged parts of its activities with Schuckert & Co., Nuremberg, in 1903 to become Siemens-Schuckert . In 1907, Siemens ( Siemens & Halske and Siemens-Schuckert ) had 34,324 employees and
2240-626: The headquarters of Siemens ). Both this street and the Brienner Straße , which begins at the south end of the square, lead to the adjacent Wittelsbacherplatz , also designed by Klenze. The Feldherrnhalle is a copy of the famous Loggia dei Lanzi in Florence . The Odeonsplatz is served by the U Bahn station of the same name and by the Museenlinie (museum line) of the Munich bus system. Since 1972,
2296-893: The implementation of the 1999 OECD Anti-Bribery Convention , Siemens started using off-shore accounts to hide its bribery. During the investigation, key player Reinhard Siekaczek, a mid-level executive in the telecommunications unit, provided critical evidence. He disclosed that he had managed an annual global bribery budget of $ 40 to $ 50 million and provided information about the company's 2,700 worldwide contractors, who were typically used to channel money to government officials. Notable instances of bribery included substantial payments in Argentina, Israel, Venezuela, China, Nigeria, and Russia to secure large contracts. The investigation resulted in multiple prosecutions and settlements with various governments, as well as legal action against Siemens employees and those who received bribes. Noteworthy cases include
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2352-446: The merger of three companies: Siemens & Halske , Siemens-Schuckert , and Siemens-Reiniger-Werke . Today headquartered in Munich and Berlin, Siemens and its subsidiaries employ approximately 320,000 people worldwide and reported a global revenue of around €78 billion in 2023. The company is a component of the DAX and Euro Stoxx 50 stock market indices. As of December 2023, Siemens is
2408-457: The photonics business Osram (2013), Siemens Healthineers (2017), and Siemens Energy (2020). Siemens & Halske was founded by Werner von Siemens and Johann Georg Halske on 1 October 1847. Based on the telegraph , their invention used a needle to point to the sequence of letters, instead of using Morse code . The company, then called Telegraphen-Bauanstalt von Siemens & Halske , opened its first workshop on 12 October. In 1848,
2464-458: The second largest German company by market capitalization . As of 2023, the principal divisions of Siemens are Digital Industries, Smart Infrastructure, Mobility , and Financial Services , with Siemens Mobility operating as an independent entity. Major business divisions that were once part of Siemens before being spun off include semiconductor manufacturer Infineon Technologies (1999), Siemens Mobile (2005), Gigaset Communications (2008),
2520-508: The shares, Nokia Siemens disinvested itself of the shares in 2008. The same year Siemens acquired Photo-Scan (UK, CCTV systems), US Filter Corporation (water and Waste Water Treatment Technologies/ Solutions, acquired from Veolia ), Huntsville Electronics Corporation (automobile electronics, acquired from Chrysler ), and Chantry Networks ( WLAN equipment). In 2005, Siemens sold the Siemens mobile manufacturing business to BenQ , forming
2576-572: The southern end of the square has been part of the central Munich pedestrian zone. As early as 1790, plans were made in connection with the removal of the old city walls to replace the Schwabing Gate ( Schwabinger Tor ) with a new square and to make the beginning of the route from the Residenz to Nymphenburg Palace (the Fürstenweg, now Brienner Straße) more impressive. The current form of the square and
2632-515: The unit overseeing nuclear power business. In 1987, Siemens acquired Kongsberg Offshore from the Norwegian Government, selling it on to FMC Technologies in 1993 In 1989, Siemens bought the solar photovoltaic business, including 3 solar module manufacturing plants, from industry pioneer ARCO Solar, owned by oil firm ARCO . In 1991, Siemens acquired Nixdorf Computer and renamed it Siemens Nixdorf Informationssysteme , in order to produce personal computers . In October 1991, Siemens acquired
2688-488: Was acquired by the Siemens's Medical Engineering Group, eventually becoming part of Siemens Medical Solutions . Also in 2000, Atecs-Mannesman was acquired by Siemens, The sale was finalised in April 2001 with 50% of the shares acquired, acquisition, Mannesmann VDO AG merged into Siemens Automotive forming Siemens VDO Automotive AG, Atecs Mannesmann Dematic Systems merged into Siemens Production and Logistics forming Siemens Dematic AG, Mannesmann Demag Delaval merged into
2744-433: Was demolished in 1945 and the four police officers remembered with a plaque on the pavement and in 2010 with one on the wall of the Residenz. The Odeonsplatz was also the subject of at least one painting by Hitler . Hitler featured in an almost legendary photograph of the Odeonsplatz taken by Heinrich Hoffmann showing Munich's cheering crowds celebrating the outbreak of the First World War on 2 August 1914. Together with
2800-480: Was determined much of the book contained false claims although the trial itself publicized Siemens's history in Nazi Germany. The company supplied electrical parts to Nazi concentration camps and death camps . The factories had poor working conditions, where malnutrition and death were common. Also, the scholarship has shown that the camp factories were created, run, and supplied by the SS , in conjunction with company officials, sometimes high-level officials. In
2856-482: Was founded to act as a competence center for financing issues and as a manager of financial risks within Siemens. In 1998, Siemens acquired Westinghouse Power Generation for more than $ 1.5 billion from the CBS Corporation and moving Siemens from third to second in the world power generation market. In 1999, Siemens's semiconductor operations were spun off into a new company called Infineon Technologies . Its Electromechanical Components operations were converted into
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#17328724779292912-408: Was located. Until 1817, the outer Schwabinger Tor stood at the northern end of Theatinerstraße. Many international companies have branches on Theatinerstraße, including Armani , Bassetti , Butlers , Zara , Esprit and Bose . It also houses the Fünf Höfe , which houses another 60 shops, several restaurants and the Kunsthalle of the Hypo-Kulturstiftung . The entire Theatinerstraße is declared
2968-409: Was not new; it was highlighted as far back as 1914 when both Siemens and Vickers were involved in a scandal over bribes paid to Japanese naval authorities . The company resorted to bribery as it sought to expand its business in the developing world after World War II. Up until 1999, bribes were a tax-deductible business expense in Germany, with no penalties for bribing foreign officials. However, with
3024-452: Was produced in 1980, and in 1988, Siemens and GEC acquired the UK defence and technology company Plessey . Plessey's holdings were split, and Siemens took over the avionics , radar and traffic control businesses—as Siemens Plessey . In 1977, Advanced Micro Devices (AMD) entered into a joint venture with Siemens, which wanted to enhance its technology expertise and enter the American market. Siemens purchased 20% of AMD's stock, giving
3080-480: Was the seventh-largest company in the German empire by number of employees. (see List of German companies by employees in 1907 ) In 1919, S & H and two other companies jointly formed the Osram lightbulb company. During the 1920s and 1930s, S & H started to manufacture radios , television sets , and electron microscopes . In 1932, Reiniger, Gebbert & Schall (Erlangen), Phönix AG (Rudolstadt) and Siemens-Reiniger-Veifa mbH (Berlin) merged to form
3136-434: Was therefore moved to alternative places and regions not affected by the air war. The goal was to secure continued production of important war-related and everyday goods. According to records, Siemens was operating almost 400 alternative or relocated manufacturing plants at the end of 1944 and in early 1945. In 1972, Siemens sued German satirist F.C. Delius for his satirical history of the company, Unsere Siemens-Welt , and it
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