Siemens AG has announced an agreement to sell its airport logistics division, Siemens Logistics to Vanderlande, a subsidiary of Toyota Industries Corporation.
The transaction is valued at 300 million EUR and is expected to close within the calendar year 2025, pending regulatory approvals.
This sale is part of Siemens’ strategy to streamline its portfolio and concentrate on its core areas of technology and innovation.
The announcement follows the sale of Siemens Logistics’ parcel and mail business to the Körber Group in 2022 to focus on airport operations.
Michael Schneider, CEO of Siemens Logistics said:As a distinguished provider of solutions for airport logistics, Siemens Logistics enjoys first-class reputation in the baggage and air-cargo handling areas. Together with Vanderlande and our committed global teams, we look forward to bringing fresh impetus to the airport industry and to supporting our customers’ business with future-oriented technologies.
Vanderlande, an expert in automated logistics and supply chain solutions, is expected to be a long-term, strategic owner for Siemens Logistics. This will ensure the continuation of high-quality service and innovation for customers in the airport logistics sector.
Ralf P. Thomas, chief financial officer of Siemens AG said:In Vanderlande, we have found the best future owner for our airport logistics business. I’m very pleased that we have enabled Siemens Logistics to become a stable, profitable and leading company for airport logistics. With Vanderlande, we are paving the way for further future-oriented business development. By selling Siemens Logistics, we’re taking another important step in sharpening our portfolio as a leading technology company.
Andrew Manship, Vanderlande’s President & CEO said:Siemens Logistics’ innovative approach and robust business model align perfectly with Vanderlande’s vision for the future. Its forward-thinking and innovative mindset also proves its ability to adapt to changing market dynamics. Our customers will benefit from a broader range of solutions and services, enabling them to address their challenges more effectively.
