Siemens Hopes to Sell Baggage Handling Business

Siemens is looking to sell its baggage handling, postal and parcel sorting business.
In a company statement issued on November 28, Joerg Ernst, CEO of Siemens’ Logistics and Airport Solutions Unit, said: “While the company holds leading market positions in this 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.
Siemens says its (mid-single digit profitable) logistics business which produces revenues of approximately €900 million (US$1.1billion) and has around 3,600 employees: “Is active in favourable markets with promising growth dynamics, particularly in parcel and baggage handling.”
The company 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 together in its Logistics and Airport Solutions business unit, which has its headquarters in Constance, near the famous lake that takes its name in south-west Germany, bordering Switzerland.  The core business is dedicated to airport, mail and parcel logistics/automation, with baggage and air cargo handling and IT solutions.