Siemens AG / Sektor Infrastructure & Cities / Division Mobility and Logistics
Munich, Germany, 2012-Nov-29
Telephone Conference: Siemens strengthens core activities
Acquisition of Invensys Rail – Divestment of baggage handling, postal and parcel sorting activities
Siemens has entered into an agreement to acquire Invensys Rail, the rail automation business of Invensys for approximately €2.2 billion (£1.742 billion). At the same time, the company plans to divest its baggage handling, postal and parcel sorting activities. Both planned transactions are part of the recently launched "Siemens 2014" company program, which amongst others, is aimed at strengthening the company's core activities.
Siemens held a telephone conference on those latest developments in the Siemens Infrastructure and Cities Sector on November 29, 2012. The telephone conference was broadcast live on the internet.
Press Releases
Live Broadcast
Presentation
Podcast / Audio
Contact
Roland Busch
CEO of the Infrastructure & Cities Sector and Member of the Managing Board
Hannes Apitzsch
CFO of the Infrastructure & Cities Sector
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Last update
2012-11-29
10:15 AM CET