Korber acquires mail and parcel business of Siemens Logistics

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German technology and supply chain specialist Körber has acquired Siemens Logistics’ global mail and parcel business for €1.15bn (US$1.3bn).

Siemens Logistics develops and supplies mail and parcel automation technologies and advanced software for leading global logistics providers. Körber has said that the acquisition “significantly complements” its supply chain offering.

With around 1,200 employees, Siemens Logistics mail and parcel business generates annual revenue of around €500m (US$570m).

Körber’s Business Area Supply Chain provides companies around the world with integrated software and automation solutions along the entire supply chain. Customers benefit from tailored and integrated, supply chain solutions including automation, software, SAP consulting, voice, robotics and material handling.

Stephan Seifert, CEO of the Körber Group, said, “Siemens Logistics as a key player in the global courier, express, parcel and e-commerce market is very well positioned with its global customer base. 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 – covering all relevant solutions such as hardware, software, digital and system integration. I am very excited about the combined opportunities of being a leading and trusted partner for the industry and our customers. One thing is certain: We are and will continue to be their technologically leading and reliable partner.”

Ralf P Thomas, chief financial officer of Siemens, said, “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.”

Dirk Hejnal, CEO Körber Business Area Supply Chain, said, “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.”

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Dan originally joined Parcel and Postal Technology International in 2014 having spent the early years of his career in the recruitment industry. As online editor, he now produces daily content for the website and supports the editor with the publication of each exciting new issue. When he’s not reporting on the latest technological developments, Dan can be found on the golf course or apprehensively planning his next DIY project.

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