Deals
Siemens Explores Fresh Attempt to Sell Logistics Unit
- Engineering group discusses options with potential advisers
- Parcel-sorting equipment in demand as e-commerce booms
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Siemens AG, Europe’s largest engineering company, is exploring a fresh attempt to sell its postal and airport logistics unit, according to people familiar with the matter.
The Munich-based company is discussing options for Siemens Logistics GmbH with potential advisers, the people said, asking not to be identified because discussions are private. It could start gauging interest in the unit, which makes equipment to sort baggage and parcels, as soon as the first half of next year, one of the people said.