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Press Release October 31, 2024 Siemens AGMunich Sale of Siemens Logistics to Vanderlande for EUR 300 million Transaction expected to close during calendar year 2025 Another step for Siemens in portfolio optimization as a leading technology company
Siemens AG has agreed to sell its Siemens Logistics business to Vanderland, a subsidiary of Toyota Industries. Vanderlande is a leading global partner for future-proofing logistics process automation in the warehouse, airport and parcel sectors and will thereby become a strategic long-term owner of Siemens Logistics. The acquisition price (corporate value) is 300 million euros. Closure is expected in calendar year 2025, subject to regulatory approval.
Siemens Logistics to be sold to Vanderlande for 300 million euros Transaction expected to close in calendar year 2025 Another step for Siemens in optimizing its portfolio as a leading technology company
Siemens AG has agreed to sell its Siemens Logistics business to Vanderland, a subsidiary of Toyota Industries. Vanderlande is a leading global partner for future-proofing logistics process automation in the warehouse, airport and parcel sectors and will thereby become a strategic long-term owner of Siemens Logistics. The acquisition price (corporate value) is 300 million euros. Closure is expected in calendar year 2025, subject to regulatory approval.
“In Vanderland, we have found the perfect future owner for our airport logistics business,” said Ralph P. Thomas, Chief Financial Officer of Siemens AG. “We are very happy that Siemens Logistics has grown into a stable and profitable leading company in airport logistics. Together with Vanderlande, we are paving the way for further future-oriented business development.” With the sale of Siemens Logistics, we are taking another important step in strengthening our portfolio as a leading technology company.”
“As a prominent provider of airport logistics solutions, Siemens Logistics has a leading reputation in the field of baggage and air cargo handling. Together with Mr. Vanderlande and our dedicated global team, we will bring new excitement to the airport industry. We look forward to supporting our customers’ businesses with our future-oriented technology,” said Michael Schneider, CEO of Siemens Logistics. “Our innovative portfolio of high-performance hardware and software, as well as our wide range of products for smart services, perfectly complements Vanderlande’s portfolio and will continue to contribute to the automation and digitalization of the industry.Future co-founding will offer significant development and value-added possibilities for our customers as well as our team.”
“Siemens Logistics’ innovative approach and robust business model are perfectly aligned with Vanderlande’s vision for the future. Its forward-thinking and innovative thinking has also proven its ability to adapt to changing market dynamics. Our customers will benefit from a broader range of solutions and services and be able to more effectively address their challenges,” said Andrew Manship, President and CEO of Vanderlande.
Siemens AG (Berlin and Munich) is a leading technology company with a focus on industry, infrastructure, mobility and healthcare. The company’s purpose is to create technology that transforms everyday life for everyone. By combining the physical and digital worlds, Siemens helps customers accelerate digital and sustainability transformation, making factories more efficient, cities more livable, and transportation more sustainable. I will. Siemens also owns a majority stake in the publicly traded company Siemens Healthineers, a global medical technology provider shaping the future of healthcare.
In the 2023 financial year ending September 30, 2023, the Siemens Group generated revenues of 74.9 billion euros and net profits of 8.5 billion euros. As of September 30, 2023, we employed approximately 305,000 people worldwide on a continuing operations basis. Further information is available on the Internet at www.siemens.com.
About Siemens Logistics GmbH Siemens Logistics GmbH is a wholly owned subsidiary of Siemens AG and a leading provider of innovative solutions for airport logistics. The portfolio includes powerful products and technologies for baggage and cargo handling, the latest software for the digitalization of logistics processes, and a wide range of services. Sustainable automation solutions can likewise help improve operational efficiency. Siemens Logistics has a presence around the world through regional companies. Major customers include many well-known airports and airlines around the world. For more information, please visit us online at www.siemens-logistics.com.
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About Vanderlande Vanderlande is a leading global partner for future-proofing logistics process automation in the warehouse, airport and parcel sectors. Our broad portfolio of integrated solutions, including innovative systems, intelligent software, and lifecycle services, provides fast, reliable, and efficient automation technology. Founded in 1949, Vanderlande has more than 9,000 employees, all of whom are committed to advancing our customers’ businesses in diverse locations on every continent. With a turnover of 2.2 billion euros, it has established a worldwide reputation over the past 70 years. Toyota Industries Corporation (TICO) acquired Vanderlande in 2017 to strengthen its global services in the material handling field. The company aims to achieve this by increasing its presence in all integration and automation projects, leveraging the synergies between its organizations and the added value it offers to the market. For more information about Vanderlande, please visit www.vanderlande.com.
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