Siemens Agrees to Sell Airport Logistics Business to Vanderlande for €300 Million

Siemens Agrees to Sell Airport Logistics Business to Vanderlande for €300 Million

(IN BRIEF) Siemens AG has reached an agreement to sell its Siemens Logistics division to Vanderlande, a company owned by Toyota Industries Corporation, for €300 million. This transaction is expected to close in 2025, pending regulatory approvals. Ralf P. Thomas, Siemens CFO, expressed confidence that Vanderlande is the ideal long-term owner for the airport logistics business, emphasizing the move’s alignment with Siemens’ strategy to optimize its portfolio. Michael Schneider, CEO of Siemens Logistics, highlighted the strong reputation of Siemens Logistics in airport operations and noted that the partnership with Vanderlande will enhance technological offerings for customers. Vanderlande’s President & CEO, Andrew Manship, stated that the acquisition will provide a broader range of solutions and services, benefiting customers in a dynamic market.

(PRESS RELEASE) MUNICH, 31-Oct-2024 — /EuropaWire/ — Siemens AG has announced its decision to divest its Siemens Logistics division to Vanderlande, a prominent company owned by Toyota Industries Corporation. The transaction, valued at €300 million, is poised to enhance Vanderlande’s position as a leading provider of automated logistics solutions for airports, warehousing, and parcel sectors. The sale is expected to finalize during the calendar year 2025, pending necessary regulatory approvals.

Ralf P. Thomas, Chief Financial Officer of Siemens AG, expressed confidence in Vanderlande as the ideal long-term steward for Siemens Logistics, stating, “We believe we have found the best possible owner for our airport logistics business in Vanderlande. This decision underscores our commitment to transforming Siemens Logistics into a stable, profitable leader in airport logistics. Partnering with Vanderlande sets the stage for further growth and development in this area, while allowing Siemens to refine its portfolio as a top technology company.”

Michael Schneider, CEO of Siemens Logistics, emphasized the division’s strong reputation in airport logistics, particularly in baggage and air cargo handling. “Our collaboration with Vanderlande and our dedicated global teams will inject new energy into the airport industry, equipping our customers with future-oriented technologies,” he stated. “The innovative combination of our high-performance hardware and software with Vanderlande’s offerings will greatly enhance our ability to automate and digitalize the sector, providing significant growth and value opportunities for both our customers and teams.”

Andrew Manship, President & CEO of Vanderlande, shared enthusiasm about the acquisition, noting that Siemens Logistics’ innovative business model aligns seamlessly with Vanderlande’s future vision. “This partnership will enable us to deliver a wider array of solutions and services to our customers, helping them navigate the evolving challenges in the industry more effectively,” he remarked.

Siemens AG (Berlin and Munich) is a leading technology company focused on industry, infrastructure, mobility, and healthcare. The company’s purpose is to create technology to transform the everyday, for everyone. By combining the real and the digital worlds, Siemens empowers customers to accelerate their digital and sustainability transformations, making factories more efficient, cities more livable, and transportation more sustainable. Siemens also owns a majority stake in the publicly listed company, Siemens Healthineers, a leading global medical technology provider shaping the future of healthcare.
In fiscal 2023, which ended on September 30, 2023, the Siemens Group generated revenue of €74.9 billion and net income of €8.5 billion. As of September 30, 2023, the company employed around 305,000 people worldwide on the basis of continuing operations. Further information is available on the Internet at www.siemens.com.

About Siemens Logistics GmbH 

Siemens Logistics GmbH is a fully owned subsidiary of Siemens AG and a leading provider of innovative solutions for airport logistics. The portfolio includes powerful products and technologies for baggage and cargo handling, the latest software for the digitalization of logistics processes as well as an extensive range of services. Sustainable automation solutions likewise contribute to increased operational efficiency. Siemens Logistics is represented worldwide through its regional companies. Major customers include numerous renowned airports and airlines around the globe. Further information is available online at www.siemens-logistics.com

About Vanderlande 

Vanderlande is a leading, global partner for future-proof logistic process automation in the warehousing, airports, and parcel sectors. Its extensive portfolio of integrated solutions – innovative systems, intelligent software and life-cycle services – results in the realisation of fast, reliable and efficient automation technology. Established in 1949, Vanderlande has more than 9,000 employees, all committed to moving its customers’ businesses forward at diverse locations on every continent. With a turnover of 2.2 billion euros, it has established a worldwide reputation over the past seven decades. Toyota Industries Corporation (TICO) acquired Vanderlande in 2017 to enhance its global offering within material handling. It aims to achieve this by increasing its presence in all integrated and automated projects, and capitalising on the synergies between the organisations and the added value they offer to the market. For more information about Vanderlande please visit www.vanderlande.com.

Notes and forward-looking statements

This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, in prospectuses, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens’ management, of which many are beyond Siemens’ control. These are subject to a number of risks, uncertainties and factors, including, but not limited to those described in disclosures, in particular in the chapter Report on expected developments and associated material opportunities and risks in the Combined Management Report of the Siemens Report (siemens.com/siemensreport), and in the Interim Group Management Report of the Half-year Financial Report (provided that it is already available for the current reporting year), which should be read in conjunction with the Combined Management Report. Should one or more of these risks or uncertainties materialize, should decisions, assessments or requirements of regulatory authorities deviate from our expectations, should events of force majeure, such as pandemics, unrest or acts of war, occur or should underlying expectations including future events occur at a later date or not at all or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. This document includes – in the applicable financial reporting framework not clearly defined – supplemental financial measures that are or may be alternative performance measures (non-GAAP-measures). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of Siemens’ net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently.

Media Contacts:

Katharina Hilpert
Siemens AG
+49 173 8934962
katharina.hilpert@siemens.com

Daniela Markovic
Siemens AG
+49 172 6998785
daniela.markovic@siemens.com

SOURCE: Siemens AG