Logistics technology giant Körber has bought Siemens Logistics mail and parcel business for €1.15 billion.
Based in Constance, Germany, Siemens Logistics’ mail and parcel business is a market leading solution provider for cutting-edge mail and parcel technology, automation and advanced software and serves the leading global logistics providers.
Siemens Logistics’ mail and parcel business will be one of the core businesses of the Körber Group and will ‘accelerate’ the company’s growth.
Thomas Amend, CEO of Siemens Logistics’ mail and parcel business said: “We are delighted to become a strong part of Körber’s supply chain business. The two companies’ knowledge and solutions as well as the regional structures are a perfect fit.
“I am sure that we can make a significant contribution to strengthen Körber’s position on the way to become a global leading supplier for end-to-end supply chain technology.”
The comapny will now offer more integrated and automised solutions that ensure end-to-end connectivity, real-time visibility, efficiency and reduced costs.