Siemens AG is a German multinational engineering and electronics conglomerate company headquartered in Munich and Berlin, Germany. It is the largest Europe-based electronics and electrical engineering company.

Siemens’ principal activities are in the fields of industry, energy, transportation and healthcare. It is organized into five main divisions: Industry, Energy, Healthcare, Infrastructure & Cities, and Siemens Financial Services (SFS). Siemens and its subsidiaries employ approximately 360,000 people across nearly 190 countries and reported global revenue of approx 73.5 billion euros for the year of 2011.

Siemens offers a wide range of electrical engineering and electronics-related products and services. Its products can be broadly divided into the following categories: buildings-related products; drives, automation and industrial plant-related products; energy-related products; lighting; medical products; and transportation and logistics-related products.

In 2012, Siemens sponsored a large 1 day event to open their new facility in Pennsylvania.  About 500 business people from the local community were invited.  Also, the media as well as employees were also in attendance.  A large buffet was catered, under a gorgeous white tent. 

Prior to the event, Siemens contacted LogoTimeUSA.com for gift ideas.  They stated that about 500 custom watches were required, but the cost the individual watches could only be about $25.00.  A sporty quartz watch with a black leatherette band was chosen.  At the end of the day, these custom watches were presented to the guests.  This low cost promotional watch featured the Siemens logo printed in black onto the watch face.  The watches were packaged into an oval long red tube.  The cost was only $24.95 each.