Hengeler Mueller advised Siemens on the sale of mail and parcel business to Körber

Siemens has reached an agreement to sell the mail and parcel business of Siemens Logistics GmbH to the Körber Group. The transaction is approved by the Managing and Supervisory Boards of Siemens AG. The purchase price totals €1.15 billion (enterprise value). Closing is expected in the course of the current calendar year, subject to regulatory approvals.

The mail and parcel business of Siemens Logistics GmbH encompasses planning, design, manufacturing, sales, installation and commissioning as well as maintenance and additional services for innovative, high-performance products and solutions in mail and parcel automation. With around 1,200 employees, Siemens Logistics’ mail and parcel business is a world-leader in its market, generating annual revenue of about €500 million. In addition to its mail and parcel business, Siemens Logistics is a world-leading supplier in the area of airport logistics, providing solutions for baggage and cargo handling as well as comprehensive airport digitalization solutions. This business will remain at Siemens Logistics GmbH, which is a wholly owned subsidiary of Siemens AG.

Hengeler Mueller advised Siemens on the transaction. The team was led by partners Daniel Wiegand (M&A) and included partners Daniel Illhardt (Corporate), Matthias Scheifele and Gunther Wagner (both Tax) (all Munich), Christian Hoefs (Employment, Frankfurt), Markus Röhrig (Antitrust, Brussels) and Dirk Uwer (Public Law, Düsseldorf) as well as associates Carsten Bormann (Public Law, Düsseldorf), Joachim Hannes Burger (Antitrust, Brussels), Ioanna Tsotsa, David Negenborn, Daniel Blagojevic, Yusei Uji, Max Gärtner (all M&A, Munich) and Carina Kämpf (Tax, Munich).