SIEMENS AG in Traffic Management Software

Electrification, automation, and digitalization are the core competencies of Siemens. The company offers traffic solutions under its mobility division. The mobility division of Siemens has vast experience in providing traffic solutions across the globe. The company established “Vision2020” to outpace its competitors and strengthen its market growth. Vision2020 focuses on strengthening core competencies, driving performance, and expanding the company’s reach into new fields and territories. The company adopted various inorganic growth strategies to expand and strengthen its market presence. For instance, May 2017, the company signed a Memorandum of Understand (MoU) with Uganda and Sudan. As per the MoU, the company will develop solutions in the areas of power supply, transportation, industry, and healthcare. Furthermore, in April 2017, the company acquired HaCon, a company headquartered in Hanover, Germany. HaCon offers solutions for public transportation, mobility, and logistics, and it has a presence in more than 25 countries. The acquisition is aimed at complementing Siemens’ existing traffic management product portfolio. Siemens has a strong presence across the globe with a huge employee base that helps the company to lead in the traffic management market.