Körber buys Siemens parcel business for reported 1bn euros plus
THE INTERNATIONAL technology group Körber has signed an agreement to acquire Siemens Logistics’ global mail and parcel business.
With the acquisition, Körber significantly complements its supply chain offering. As a leading provider in Europe with a strong market presence in North America and a foothold in the fast-growing Chinese market, the mail and parcel business of Siemens Logistics is well positioned for further growth.
With around 1,200 employees, Siemens Logistics mail and parcel business generates annual revenue of about €500 million.
The rise in e-commerce and changing consumer behaviour continue to drive demand for automation and digitisation throughout the entire supply chain, and especially in parcel processing. Parcel volumes increase rapidly. At the same time, there is a growing need to cope with higher delivery demands and increased pressure for shorter transportation times that Siemens Logistics’ mail and parcel business addresses with a range of products and solutions to support hubs and end-to-end network processes. With the parcel automation market expected to grow double digit annually in the coming years, Siemens Logistics’ mail and parcel business is ideally positioned to benefit from these global trends and ongoing market growth together with Körber’s existing strong supply chain business.
The transaction is subject to customary closing conditions and regulatory approvals.
For more information, visit www.koerber-supplychain.com
