Siemens: sells logistics division
(CercleFinance.com) - Siemens announces the sale of its Siemens Logistics division to Vanderlande, a company owned by Toyota Industries Corporation.
The purchase price (enterprise value) is E300m.
Vanderlande is a global partner for the automation of logistics processes in the warehousing, airport and parcel delivery sectors.
The transaction is expected to close in calendar 2025, subject to regulatory approvals.
With Vanderlande, we are paving the way for future-oriented business development. By selling Siemens Logistics, we are taking another important step in refining our portfolio as a leading technology company, Siemens' CFO said.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The purchase price (enterprise value) is E300m.
Vanderlande is a global partner for the automation of logistics processes in the warehousing, airport and parcel delivery sectors.
The transaction is expected to close in calendar 2025, subject to regulatory approvals.
With Vanderlande, we are paving the way for future-oriented business development. By selling Siemens Logistics, we are taking another important step in refining our portfolio as a leading technology company, Siemens' CFO said.
Copyright (c) 2024 CercleFinance.com. All rights reserved.