Körber to buy Siemens parcel business

Körber to buy Siemens parcel business

The international technology group Körber has signed an agreement to acquire Siemens Logistics‘ global mail and parcel business.

Siemens Logistics provides cutting-edge mail and parcel technology and advanced software for leading global logistics providers. With the acquisition, Körber significantly complements its supply chain offering.

Stephan Seifert, CEO of the Körber Group, said: “Siemens Logistics as a key player in the global courier, express, parcel and e-commerce market is very well positioned with its global customer base. With Siemens Logistics’ mail and parcel business we broaden and complement our market offering as a globally leading partner to the supply chain and e-commerce industry – covering all relevant solutions such as hardware, software, digital and system integration. I am very excited about the combined opportunities of being a leading and trusted partner for the industry and our customers. One thing is certain: We are and will continue to be their technologically leading and reliable partner.”

“The recent outstanding development of Siemens Logistics’ mail and parcel business demonstrates that our concept for our portfolio companies is enabling us to further develop businesses and make them fit for the future even when they are not part of our core business,” said Ralf P. Thomas, Chief Financial Officer of Siemens AG.

Dirk Hejnal, CEO Körber Business Area Supply Chain, says: “The team from Siemens Logistics’ mail and parcel business impressively combines machine-based processes with intelligent, digital automation technology creating comprehensive, value-creating solutions for major global logistics players. Siemens Logistics’ expertise in this area will no doubt strengthen our offerings and enhance our technology leadership.”

The transaction is subject to customary closing conditions and regulatory approvals.

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