PPTI: Körber to Acquire Sieme...

PPTI: Körber to Acquire Siemens Logistics’ Mail and Parcel Business

Feb 15, 2022
PPTI: Körber to Acquire Siemens Logistics’ Mail and Parcel Business

(Image Source: Post & Parcel)

The international technology group Körber has acquired Siemens Logistics’ global mail and parcel business for US$1.3 billion. It is believed that Siemens’ advanced software and automation technology for logistics providers will “significantly complement” Körber’s supply chain offerings. Customers can greatly benefit from tailored and integrated solutions such as SAP consulting, voice, robotics and material handling.

Leaders from both Siemens and Körber are very satisfied with this deal and believe it would open new valuable opportunities. According to Stephan Seifert, CEO of the Körber Group, “With Siemens Logistics’ mail and parcel business, we broaden and complement our market offering as a globally leading partner to the supply chain and e-commerce industry.”

Lead Gen Banner Image
Unlock Powerful E-commerce & Logistics Data for Free
Accelerate Your Growth with Data-Driven Insights

Ralf P Thomas, Chief Financial Officer of Siemens, also mentioned, “The recent outstanding development of Siemens Logistics’ mail and parcel business demonstrates that our concept for our portfolio companies is enabling us to further develop businesses and make them fit for the future even when they are not part of our core business.”

“The team from Siemens Logistics’ mail and parcel business impressively combines machine-based processes with intelligent, digital automation technology creating comprehensive, value-creating solutions for major global logistics players. Siemens Logistics’ expertise in this area will no doubt strengthen our offerings and enhance our technology leadership,” added Dirk Hejnal, CEO of Körber Business Area Supply Chain.

Source: Korber acquires mail and parcel business of Siemens Logistics

For more exclusive reports, insights, and interviews on the latest updates in e-commerce and logistics, follow us on LinkedIn or join our community as a member.

Share this with your network

Also worth your time