How many employees are affected by this divestment?

Question

Accepted Answer

Approximately 1,200 employees are impacted by the divestment of Siemens' mail and parcel business.

Siemens has agreed to sell its mail and parcel division to the Koerber Group for €1.15 billion. This unit, which manufactures equipment for sorting parcels, employs around 1,200 individuals. The transaction is anticipated to be finalized within the current calendar year, pending necessary regulatory approvals.
Divestment of Mail and Parcel Operations

The divestment involves Siemens' specific mail and parcel business, a segment focused on producing parcel sorting equipment. This unit is a distinct part of Siemens Logistics GmbH. The agreement to sell this component to the Koerber Group signifies a strategic move by Siemens to streamline its overall business activities.
Financial Terms of the Sale

The sale price for the mail and parcel business has been set at €1.15 billion, which is equivalent to RM5.5 billion. This financial figure underscores the value attributed to this segment of Siemens' logistics operations by the acquiring entity. The transaction is structured to be completed within the ongoing calendar year.
Employee Impact and Business Scope

The affected mail and parcel unit currently comprises approximately 1,200 employees. This division also generates an annual revenue of around €500 million. Siemens will continue to operate its airport logistics solutions business, indicating that the divestment is targeted specifically at the mail and parcel segment.

Reading history

Hide →

This history is cleared when the page is closed.

How many employees are affected by this divestment?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends