Siemens to Sell Mail and Parcel Business to Korber for EUR1.15 Billion
February 09 2022 - 4:02PM
Dow Jones News
By Patrick Chu
Siemens AG said it will sell the mail and parcel business of
Siemens Logistics GmbH to the Körber Group for an enterprise value
of EUR1.15 billion ($1.3 billion).
Siemens said the sale is part of its strategy to become more
focused on technology. The deal is expected to close this year,
subject to regulatory approvals, the company said.
Write to Patrick Chu at Patrick.Chu@WSJ.com
(END) Dow Jones Newswires
February 09, 2022 15:47 ET (20:47 GMT)
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