Siemens Selects Toyota-Owned Vanderlande as Siemens Logistics Buyer, Reuters Reports

Dow Jones08-22

-- Siemens selected Toyota-owned Vanderlande as a buyer for its airport logistics unit, Siemens Logistics, Reuters reports, citing unnamed sources.

-- The terms of the deal, which is still pending approval by Siemens's supervisory board, are being negotiated by Siemens and the Dutch company, Reuters reports.

-- The German industrial company expects proceeds in the lower three-digit million euro range from the sale, Reuters reports.

-- Siemens declined to comment when approached by Dow Jones Newswires.

Full story: https://shorturl.at/R1S2B

Write to Pierre Bertrand at pierre.bertrand@wsj.com

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(END) Dow Jones Newswires

August 22, 2024 10:16 ET (14:16 GMT)

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