Siemens supports Norwegian anti-trust authorities in clarification of alleged collusion in the fire protection sector

Siemens supports Norwegian anti-trust authorities in clarification of alleged collusion in the fire protection sector

Norwegian anti-trust authorities searched the premises of Siemens Building Technologies in Norway on Wednesday. According to information from Siemens, the searches were related to alleged collusion in the fire protection sector. Siemens is intent on clarifying the matter quickly and completely and has assured the authorities of the company’s full support and cooperation.

According to Norway’s anti-trust authorities, member companies of the “NorAlarm” trade organization allegedly engaged in collusion regarding service and maintenance agreements for fire protection systems. In addition to Siemens, three other companies belonging to “NorAlarm” have been searched in connection with the matter. No details are currently available.

Siemens (Berlin and Munich) is a global powerhouse in electrical engineering and electronics. The company has around 475,000 employees (incl. discontinued operations) working to develop and manufacture products, design and install complex systems and projects, and tailor a wide range of services for individual requirements. Siemens provides innovative technologies and comprehensive know-how to benefit customers in over 190 countries. Founded more than 155 years ago, the company focuses on the areas of Information and Communications, Automation and Control, Power, Transportation, Medical, and Lighting. In fiscal 2006 (ended September 30), Siemens had sales of €87.3 billion and net income of €3.033 billion, according to U.S. GAAP. Further information is available on the Internet at: www.siemens.com.

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