Körber to acquire Siemens Logistics’ mail and parcel business for €1.15 billion

The international technology group Körber has signed an agreement to acquire Siemens Logistics’ global mail and parcel business. Siemens Logistics provides mail and parcel technology and advanced software for leading global logistics providers. With the acquisition, Körber significantly complements its supply chain offering, the company stated. 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 ideally positioned for further growth, according to Körber. The company provides mail and parcel technology and fully automated solutions for digitized mail and parcel processing for leading global logistics companies. With around 1,200 employees, Siemens Logistics mail and parcel business generates annual revenue of about €500 million. According to a Siemens announcement on the deal, the acquisition has a purchase price of €1.15 billion, with closing expected in the current calendar year.