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Siemens Logistics sale of its mail and parcel business for 1.15 billion euros

Siemens Logistics sale of its mail and parcel business for 1.15 billion euros
photo: Siemens mobility press materials/Siemens Logistics sale of its mail and parcel business for 1.15 billion euros
11 / 02 / 2022

Siemens sale to better focus on being a technological company. Its mail and parcel business goes to a new owner while airport logistics remains at home.

For a price of 1.15 billion euros and with closing expected this year, subject to regulatory approvals, Körber Group acquires mail and parcel business from Siemens Logistics GmbH.

“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.

Ralf P. Thomas, Chief Financial Officer of Siemens AG said that the Siemens concept for its Portfolio Companies enables them to develop businesses and make them fit for the future even if they are not part of Siemens’s core business.

CEO of the Körber Group, Stephan Seifert said that this purchase of a key player in the global courier, express, parcel and e-commerce market by Körber Group broadens its market offering as a leading partner to the supply chain and e-commerce industry. The mail and parcel part of Siemens Logistics will add to Business Area Supply Chain of Körber. Körber is, as was stated by Roland Busch, President and Chief Executive Officer of Siemens AG, the ideal new owner for its mail and parcel business. Siemens’s mail and parcel business generates annually about 500 million euros in revenue.

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