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Sale of Siemens Logistics' mail and parcel business successfully closed

The sale of Siemens Logistics’ mail and parcel business to the Körber Group closed successfully on July 1. In February 2022, Siemens had announced the contract signing for the sale of the mail and parcel business to the Körber Group for €1.15 billion (enterprise value). “The successful sale of our mail and parcel business to […] ....

Ralfp Thomas , Siemens Logistic , Chief Financial Officer , Siemens Logistics Gmbh ,

World Business Quick Take - Taipei Times

LOGISTICS
<strong>Siemens sells mail unit</strong>
Siemens AG on Wednesday said that it is selling its “mail and parcel” business to fellow German firm Koerber AG as it seeks to simplify its activities. The purchase price totals 1.15 billion euros (US$1.31 billion), Siemens said. “The closing is expected in the course of the current calendar year, subject to regulatory approvals,” it added. The unit, Siemens Logistics GmbH, makes equipment for sorting parcels and has about 1,200 employees, generating annual revenue of about 500 million euros, Siemens said, adding that it would retain its airport logistics solutions business.
PHARMACEUTICALS
<strong>AstraZeneca profit drops</strong>
British COVID-19 vaccine maker AstraZeneca ....

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