Jul. 6 2022

Sale of Siemens Logistics’ mail and parcel business successfully closed

  • Siemens completes sale of mail and parcel business to Körber
  • Further step in simplifying Siemens’ portfolio achieved

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 the Körber Group is a further step to streamline our portfolio. We are proud to have found Körber – as the ideal new owner for the successful parcel business with a future-oriented strategy for growth, innovation and investment,” said Ralf P. Thomas, Chief Financial Officer of Siemens AG.

The airport logistics business remains at Siemens Logistics GmbH, which is a wholly owned subsidiary of Siemens AG.

Further information regarding Siemens Logistics is available at www.siemenslogistics.com

This press release is available at https://sie.ag/3AwoiL9 Follow us on Twitter: www.twitter.com/siemens_press

About Siemens in China

Siemens AG (Berlin and Munich) is a technology company focused on industry, infrastructure, transport, and healthcare. From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more comfortable transportation as well as advanced healthcare, the company creates technology with purpose adding real value for customers. By combining the real and the digital worlds, Siemens empowers its customers to transform their industries and markets, helping them to transform the everyday for billions of people. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a globally leading medical technology provider shaping the future of healthcare. In addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power. For 150 years since its entering into China in 1872, Siemens has been persistently providing comprehensive support to China's development with innovative technology, state-of-the-art solutions and products. As of September 30, 2021, the company had more than 30,000 employees in China. As a part of China’s social and economic development, Siemens joins hands with the Chinese government and all partners to commit to achieving sustainable development. Further information is available on the Internet at www.siemens.com.cn.

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