Siemens ECONOMIC

Supply Chain & Sourcing Relationships

• A 19 June 2019 Israeli trade report stated that Siemens Mobility agreed to purchase aluminium train-car parts worth “millions of shekels” from Extal following its Israel Railways award; it also reported Ministry of Economy Industrial Cooperation Authority involvement in a supplier meeting and proposed welding-technology development.¹
• Extal’s current website places its 85,000-square-metre facility, employing about 330 people, in Mishor Adumim Industrial Park; the reviewed sources do not independently establish the Siemens deliveries’ value, dates, or continuation after 2019.²
• AFSC reports a $4 million Siemens aluminium-parts contract with Extal in Mishor Adumim, a settlement industrial area, facilitated by the Israeli Ministry of Economy in 2019; the underlying government page did not yield extractable contract details, so the amount and scope remain attributed to AFSC.^{3, 4}
• Siemens Mobility Israel reported €17 million in purchases from 160 local suppliers during FY2023, without naming suppliers or providing an origin breakdown of inputs.⁵
• McKit Systems identifies itself as Siemens PLM Software’s Israeli representative and lists Teamcenter, NX, and Solid Edge among Siemens products, alongside IMOD, IDF, IAI, Elta, Elbit Systems, and Rafael as clients; this establishes reseller and client overlap but not individual Siemens contracts, licence values, dates, end uses, or direct contractual relationships with each client.⁶
• AFSC and Don’t Buy Into Occupation 2025 report that IMOD acquired or renewed Siemens software licences worth at least $1 million between November 2023 and June 2024; underlying IMOD award records were not retrieved, so this remains a secondary-source claim rather than a verified primary procurement finding.^{3, 7, 8}
• A 1998 Globes report described Siemens establishing an international procurement office in Israel, historical purchases and investments in Israeli factories, and reciprocal-procurement activity; it does not establish that the office, suppliers, investments, or sourcing volumes remain active.⁹
• No public evidence identified of Siemens procuring agricultural goods from Mehadrin, Hadiklaim, Galilee Export, Agrexco successors, or comparable Israeli produce exporters.^{3, 7}
• No public evidence identified for indirect sourcing of Israeli-origin consumer goods through third-party intermediaries or for a current Siemens importer-of-record arrangement for such goods.^{3, 7}

Product Origin, Labeling & Regulatory Compliance

• Siemens’s identified activities concern industrial software, rolling stock, power equipment, medical technology, and local industrial procurement rather than retail food products.^{10, 11, 12, 5}
• No public evidence identified of regulatory actions, DEFRA advisories, customs findings, EU enforcement actions, or corporate policies concerning Siemens’s labeling of settlement-origin consumer goods.^{3, 13, 7}
• No public evidence identified of settlement-origin products marketed by Siemens under “Produce of Israel” or equivalent origin labels.^{3, 7}
• Industrial automation equipment, rolling stock, and medical-imaging systems are outside the food-origin-labeling regimes implicated by produce labeling; this sub-category is therefore not applicable to Siemens’s identified product portfolio.^{11, 12, 5}

Investment, Capital & Financial Exposure

• Siemens AG is a German Aktiengesellschaft with registered offices in Berlin and Munich, and its FY2024 consolidated statements cover Siemens AG and subsidiaries it controls.¹⁴
• Siemens AG’s FY2025 consolidated-company list records the following Israel-domiciled entities: Altair Engineering Israel Ltd.; Siemens Concentrated Solar Power Ltd.; Siemens Electronic Design Automation Ltd.; Siemens HealthCare Ltd.; Siemens Industry Operations Ltd.; Siemens Industry Software Ltd.; Siemens Ltd.; Siemens Mobility Ltd.; and Siemens Mobility Operations Ltd.¹⁵
• The FY2025 schedule displays 100% interests for Siemens Concentrated Solar Power, Siemens Electronic Design Automation, Siemens HealthCare, Siemens Industry Software, Siemens Ltd., and Siemens Mobility Ltd.; entries for Siemens Industry Operations and Siemens Mobility Operations carry a report footnote marker whose underlying qualification was not retrieved.¹⁵
• Siemens Ltd. is listed in an active Israeli LEI record as an Israeli private company at 3 Uri Ariav Street, Rosh Ha’ayin, with an address change effective 30 October 2024; the record does not disclose direct or ultimate-parent information.¹⁶
• Siemens Energy AG’s FY2025 subsidiary schedule separately lists Siemens Energy Ltd. and Siemens Energy Projects Ltd. in Rosh Ha’ayin, plus Siemens Gamesa Renewable Energy Ltd. in Tel Aviv, as 100%-owned Siemens Energy entities as of 30 September 2025.¹⁷
• Siemens Energy is a separately listed company following its 2020 spin-off and should not be treated as a Siemens AG-controlled subsidiary without a specific documented control relationship.^{14, 17}
• Siemens Healthineers announced a global distribution agreement with Israeli company Scopio Labs in May 2023 for Scopio X100/X100HT digital cell-morphology systems; the announcement documents a commercial partnership rather than an acquisition or equity investment.¹⁸
• Siemens’ January 2020 Next47 Herzliya-office opening and reported B2B investment remit remain documented, but the office’s current legal entity, portfolio, ownership, and operational status have not been verified.^{19, 14}
• Siemens Mobility Israel’s 2024 presentation names Ornet, eShip4u, a UGS subsidiary/former Tecnomatix, CAD, Solel Solar Systems, Ruggedcom, and Mentor Graphics under “Acquisitions over the years”; the slide does not establish that each was Israeli, nor provide legal names, prices, dates, current status, or ownership details.⁵
• Siemens AG’s 6 March 2026 voting-rights disclosure reported BlackRock, Inc. at 7.11% of voting rights as of 3 March 2026, below a 10% controlling-principal threshold.²⁰
• No affirmative evidence was identified in the reviewed materials that Siemens AG is Israeli tax-resident, has Israeli PTE status, is Israeli-capital controlled, or has an Israeli shareholder disclosed at or above 10%.^{14, 16, 12, 20}
• No public evidence identified in reviewed Siemens disclosures of holdings in Israeli sovereign debt, Israel Bonds, Israeli public equities, or Israel-focused funds; this conclusion does not address undisclosed treasury, pension, or externally managed positions.^{14, 15}

Operational Presence & Market Activity

• Siemens’ current Israel contact page lists Siemens Ltd. and Siemens Mobility Ltd. at 3 Uri Ariav Street, Rosh Ha’ayin; Siemens Healthineers at 14 Hamelacha Street, Park Afeq, Rosh Ha’ayin; Smart Infrastructure in the Kannot Industrial Area, Gedera; and Siemens Industry Software Ltd. at 2 Negev Street, Airport City.¹¹
• Siemens’ global-locations directory lists sites in Tel Aviv, Gedera, Jokne’am, Kiryat Gat, Ra’anana, Rosh Ha’ayin, Herzliya, and Ramat Gan; it does not list a site in the West Bank, East Jerusalem, or the Golan Heights, although the directory is not a complete property or operations register.²¹
• Siemens Ltd. holds ISO 9001 certification through 20 July 2027 and ISO 14001 and ISO 45001 certifications through 12 September 2028 for Gedera and Rosh Ha’ayin sites.²²
• A prior company listing reported approximately 800 employees across Siemens entities in Israel; no current consolidated workforce figure was retrieved.²³
• Siemens Mobility confirmed in March 2018 a contract with state-owned Israel Railways worth approximately €900 million for up to 60 Desiro HC regional trainsets over ten years, initially ordering 24 trainsets, with 15 years’ maintenance for those units and an Ashkelon maintenance workshop.²⁴
• Siemens Mobility Israel’s 2024 presentation reports 141 trainsets and 834 coaches, 24 trains in operation, a 9,000-square-metre Ashkelon depot, and maintenance for 46 trains for 15 years with a further 7+7-year option.⁵
• A current Israel Railways webpage states that 35–40 Siemens DDEMU trainsets operate daily on Jerusalem and Binyamina–Ashkelon suburban services and describes approval for 81 additional Siemens DDEMU railcars; the webpage is undated.²⁵
• Who Profits reports that Siemens train cars entered A1 service in December 2021 and that the route crosses the Green Line in two places; Siemens’ own 2018 release confirms the underlying rail contract but does not identify routes or territories.^{26, 24, 27}
• Siemens stated in a 26 February 2024 response reproduced by Who Profits that it was a supplier rather than constructor of the A1 line, that legal review found the transaction consistent with its human-rights due-diligence obligations, and that potential new business would receive further review, particularly concerning international humanitarian law.²⁶
• The existing reported Siemens Mobility Jerusalem Light Rail rolling-stock lead remains unresolved: no primary NTA tender award, Siemens supplier announcement, contract value, delivery schedule, or current operating record was retrieved.²⁶
• Reuters reported that Siemens paid NIS 160 million ($43 million) in 2016 to settle Israeli bribery charges involving six Israel Electric Corporation executives in connection with historical turbine contracts.²⁸
• Siemens stated in a 2016 release that approximately 40% of Israel’s power-generation capacity was based on Siemens technology and announced turnkey Alon Tavor and Ramat Gabriel industrial power-plant orders involving SGT-800 gas turbines and SST-300 steam turbines; the figure concerns installed capacity based on Siemens technology, not Siemens generation of 40% of Israeli electricity.¹⁰
• Calcalist reported in September 2025 that Dalia Energy signed Siemens for heavy maintenance at Tzafit/Dalia and an additional Eshkol generation unit, with reported 25- and 20-year terms and estimated annual payments of NIS 80–120 million across both sites; the reporting does not identify the precise Siemens group contracting entity.²⁹
• Siemens was selected as preferred bidder in March 2020 for HVDC converter stations for the Great Sea Interconnector linking Israel, Cyprus, and Greece; the reviewed source does not independently establish subsequent contract execution or the stated territorial-routing implications.³⁰

Corporate Structure & Foundational Ties

• Siemens was founded in Berlin in 1847 and has no identified Israeli founding, incorporation, headquarters, or principal-place-of-management link in the reviewed corporate records.^{21, 31}
• Siemens AG’s group headquarters is in Munich, with registered offices in Berlin and Munich; its current corporate information identifies Jim Hagemann Snabe as Supervisory Board Chair and Roland Busch as President and CEO.^{14, 31}
• Siemens’ FY2025 materials describe Siemens Healthineers as a publicly listed company in which Siemens held 67% directly and indirectly as of the 12 November 2025 announcement, while proposing a direct spin-off of 30% of Healthineers shares subject to regulatory and shareholder approvals.¹⁵
• No Israeli government ownership, golden shares, charter restrictions tied to foreign-state policy, Israeli state board appointees, or Israeli controlling shareholder were identified in the reviewed Siemens corporate materials.^{14, 12, 31}
• Siemens holds documented relationships with Israeli state or public-sector bodies including Israel Railways, historical Israel Electric Corporation turbine work, and Israeli Ministry of Defense software procurement reported through secondary sources.^{3, 28, 24}
• Siemens Healthineers’ local operations are part of the separately listed Healthineers group, while Siemens Energy’s Israeli entities are attributable to separately listed Siemens Energy AG rather than automatically to Siemens AG.^{17, 15}

Profit Repatriation & Economic Contribution

• Siemens does not separately disclose Israel revenue; FY2025 geographic reporting places Israel within Europe/C.I.S./Africa/Middle East, which recorded €36.933 billion in customer-location revenue and €37.979 billion in company-location revenue.¹⁵
• The €900 million Israel Railways framework contract and identified maintenance and depot arrangements are project-level commercial figures and do not establish Siemens’s total Israel revenue.^{24, 5}
• The FY2023 €17 million local-procurement figure represents Siemens Mobility Israel expenditure, not revenue, profit, tax paid, or an estimate of wider economic impact.⁵
• No public evidence identified of standalone Israeli revenue, Israel-specific taxes paid, dividend amounts remitted by Israeli subsidiaries to Germany, transfer-pricing arrangements, or Siemens/Siemens Financial Services underwriting of Israeli sovereign debt or Israel Bonds.^{14, 15}
• Who Profits identifies Siemens as an infrastructure provider in Israel’s rail, electricity, and building-technology sectors; its findings are civil-society evidence and the core 2018 Israel Railways contract is independently confirmed by Siemens.^{26, 24}
• No formal Israeli-government or industry designation of Siemens as a “sector anchor” or “strategic partner” was identified in the reviewed sources.^{26, 3, 7}