2. Siemens PLM (Estimated Value: $91.8 billion)
Siemens PLM Software is the subsidiary of Siemens, one of the leading companies from Germany. While its parent company has been serving technology production worldwide since more than one and a half centuries ago, Siemens PLM was founded in 1963.
This company supplies the product lifecycle management (PLM) software for several F1 teams. And since 2010, it has been the official innovation partner of Red Bull Racing.
It provides the teams with NX software. It is a CAD/CAM/CAE software suite to help them build sophisticated Formula 1 cars through parametric and direct solid modeling. Basically, this software allows the team’s hundreds of engineers to design, develop, and manufacture simultaneously.
More than fifty thousand employees work at Siemens PLM Software center in Texas, United States. According to Forbes, they generate around $85 billion of sales a year. And its parent company’s market cap has reached $91.8 billion.
