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.

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About SIEMENS
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.
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