The entire Managing Board of Munich based Siemens was in London yesterday July 11, 2016, to demonstrate, among other things, Siemens' commitment to the UK, British society and the company's business in the country. In a speech at an event of the House of Commons, CEO Joe Kaeser adressed Brexit, Britain as a business location and Siemens' history in the UK.

"The UK has contributed so much to Europe and its culture, and it will continue to be a strong influence in key areas. We really want Great Britain to be part of a great Europe. The Brexit vote will not diminish our commitment to your country. Siemens will not leave the next generation behind. We will continue to create value in the UK. We will continue to contribute to society in the UK. We will continue to do business even more than we have for the last 170 years."

Siemens has always made it clear that this was a decision for the British people and their view must be respected.

As a global business with significant, long-term investments in the UK and high local value creation, Siemens is not so much exposed to negative effects that we might see. Nevertheless, the government must now move swiftly to unify and agree the nature of the UK's relationship with the EU and other trading partners, creating clear roadmaps to encourage future investment.

"We will continue to create value in the UK. We will continue to contribute to society in the UK. We will continue to do business as usual in the UK."

Siemens remains committed to our business in the UK. The company has been active in the UK for more than 170 years, with locations throughout the country. Today, Siemens generates revenue of around €4 billion and employs about 14,000 people at 13 manufacturing sites.