Siemens to divest its baggage handling, postal and parcel sorting activities

Siemens plans to sell its baggage handling, postal and parcel sorting business. While the company holds leading market positions in his business with a global presence and an installed base around the world, there are very limited synergies with other Siemens business due to the high mechanical content and focus on system integration. "Whilst favorable market conditions, innovative strength and good profit results of Siemens' logistics activities, we are convinced, that a different ownership structure taps this business's full potential," said Joerg Ernst, CEO of Siemens' Logistics and Airport Solutions Unit.

The mid-single digit profitable Siemens logistics business with revenue of approximately €900 million and around 3,600 employees is active in favorable markets with promising growth dynamics in particular in parcel and baggage handling. Recent lighthouse projects serve specific customer needs and proof the innovative strength worldwide. Siemens is looking for the best owner that is willing to invest and probably create higher synergies for a sustainable growth perspective.

The baggage handling, postal and parcel sorting activities are bundled in the business unit Logistics and Airport Solutions with its headquarters in Constance. The core business comprises a comprehensive portfolio in the areas of mail and parcel logistics and automation, airport logistics with baggage handling, air cargo handling and IT solutions as well as the overall customer services that supports customers with the optimization of their daily operations.