The story
After World War II the company was majority owned by the state and had a wide network of international offices and subsidiaries in Asia, South America and Europe with several thousand employees. The company experienced rapid growth until the mid-1980s.
SGP ceased to exist as an independent company in 1989 as part of the restructuring of the state-owned Österreichische Industrieholding (ÖIAG), when the former was renamed as SGP Verkehrstechnik GmbH. In 1992, the Republic of Austria sold 26% of its shares in SGP to Siemens, and in 1993 another 48% of SGP's shares were again sold to Siemens. The company then operated until 1996 as a "Siemens SGP GmbH", later renamed "Transport GmbH Siemens SGP", but this name was dropped after 1 April 2004. Until 30 September 2009 the former factories of SGP were part of Siemens Mobility.
On 1 October 2009, the company was converted to a stock corporation and has since been trading as Siemens AG Austria. On 16 September 2006, the plant in Vienna-Simmering celebrated its 175th anniversary. As part of Siemens, the factories were transformed from full-range suppliers to specialised centers of excellence. The Graz factory is now involved in the design and manufacturing of trucks and other specialised chassis while the factory in Vienna manufactures metro rolling stock and trams. In addition, rail vehicles are being designed and developed at both locations and then manufactured in other plants.
From Wikipedia’s article on Simmering-Graz-Pauker, shared under CC BY-SA 4.0.4
