- Siemens further sharpens its portfolio as a focused technology company
- Purchase price of €1.15 billion, closing expected in current calendar year
- Sale to international technology group Körber agreed
- Mail and parcel business ideal expansion of Körber’s portfolio, supplementing its existing Business Area Supply Chain
- Airport logistics business to remain part of Siemens’ Portfolio Companies
Siemens has reached an agreement to sell the mail and parcel business of Siemens Logistics GmbH to the Körber Group. With this transaction, approved by the Managing and Supervisory Boards of Siemens AG, Siemens is further implementing the rigorous sharpening of its portfolio as a focused technology company. The purchase price totals €1.15 billion (enterprise value). Closing is expected in the course of the current calendar year, subject to regulatory approvals. Körber is a world-leading technology company whose Business Area Supply Chain has grown successfully in recent years, making the company a long-term, strategic new owner for the mail and parcel business.“We’re continuously sharpening and optimizing our portfolio in order to further strengthen Siemens as a focused technology company. In Körber, we’re very pleased to have found for our employees and customers the ideal new owner for our mail and parcel business. Körber’s future-oriented strategy for growth, innovation and investment is in the best interests of all stakeholders,” said Roland Busch, President and Chief Executive Officer of Siemens AG.“The recent outstanding development of Siemens Logistics’ mail and parcel business demonstrates that our concept for our Portfolio Companies is enabling us to further develop businesses and make them fit for the future even when they are not part of our core business,” said Ralf P. Thomas, Chief Financial Officer of Siemens AG. Our airport logistics solutions business will remain at Siemens. It is our clear intention to further strengthen this business as a stable, profitable company over the long term and a world-leader in its market,” added Thomas.“Siemens Logistics as a key player in the global courier, express, parcel and e-commerce market is very well positioned with its global customer base. With Siemens Logistics’ mail and parcel business we broaden and complement our market offering as a globally leading partner to the supply chain and e-commerce industry – covering all relevant solutions such as hardware, software, digital and system integration. I am very excited about the combined opportunities of being a leading and trusted partner for the industry and our customers. One thing is certain: We are and will continue to be their technologically leading and reliable partner,” said Stephan Seifert, CEO of the Körber Group.The mail and parcel business of Siemens Logistics is an ideal addition to Körber’s Business Area Supply Chain. The two companies’ technologies and regional structures are a perfect fit. Körber intends to make Siemens Logistics’ mail and parcel business a strong Business Unit.The mail and parcel business of Siemens Logistics GmbH encompasses planning, design, manufacturing, sales, installation and commissioning as well as maintenance and additional services for innovative, high-performance products and solutions in mail and parcel automation. With around 1,200 employees, Siemens Logistics’ mail and parcel business is a world-leader in its market, generating annual revenue of about €500 million. In addition to its mail and parcel business, Siemens Logistics is a world-leading supplier in the area of airport logistics, providing solutions for baggage and cargo handling as well as comprehensive airport digitalization solutions. This business will remain at Siemens Logistics GmbH, which is a wholly owned subsidiary of Siemens AG.