PR94475

HAMBURG, Germany, Feb. 9, 2022 /PRNewswire=KYODO JBN/--

The international technology group Korber has signed an agreement to acquire

Siemens Logistics' global mail and parcel business. Siemens Logistics provides

cutting-edge mail and parcel technology and advanced software for leading

global logistics providers. With the acquisition, Korber significantly

complements its supply chain offering.

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. 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 Euro 500 million.

The rise in e-commerce and changing consumer behaviour continue to drive demand

for automation and digitization throughout the entire supply chain, and

especially in parcel processing. Parcel volumes increase rapidly. At the same

time, there is a growing need to cope with higher delivery demands and

increased pressure for shorter transportation times that Siemens Logistics'

mail and parcel business addresses with a range of products and solutions to

support hubs and end-to-end network processes. With the parcel automation

market expected to grow double digit annually in the coming years. Siemens

Logistics' mail and parcel business is ideally positioned to benefit from these

global trends and ongoing market growth together with Korber's existing strong

supply chain business.

Korber'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 seamlessly integrated, supply chain

solutions including automation, software, SAP consulting, voice, robotics, and

material handling.

With the acquisition of Siemens Logistics' mail and parcel business, Korber

will complement its existing supply chain offerings and provide leading

solutions in mail and parcel logistics. Korber is opening a complementary

product offering and gaining access to the world's leading logistics providers.

This creates new opportunities for partnerships from which the Group's existing

customers can benefit. In turn, Siemens Logistics' mail and parcel business

will benefit from Korber's end-to-end supply chain and global system

integration capabilities.

Stephan Seifert, CEO of the Korber 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."

"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," said Ralf P. Thomas, Chief Financial

Officer of Siemens AG.

Dirk Hejnal, CEO Korber Business Area Supply Chain, says: "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."

The transaction is subject to customary closing conditions and regulatory

approvals.

About Korber

We are Korber – an international technology group with about 10,000 employees,

more than 100 locations worldwide and a common goal: We turn entrepreneurial

thinking into customer success and shape the technological change. In the

Business Areas Digital, Pharma, Supply Chain, Tissue and Tobacco, we offer

products, solutions and services that inspire. We act fast to customer needs,

we execute ideas seamlessly, and with our innovations we create added value for

our customers. In doing so, we are increasingly building on ecosystems that

solve the challenges of today and tomorrow. Korber AG is the holding company of

the Korber Group.

About Korber's Business Area Supply Chain

In the Business Area Korber Supply Chain, we have a broad range of proven

supply chain solutions to fit our customers' size, business strategy and

appetite for growth. Our customers conquer the complexity of the supply chain

thanks to our portfolio that includes software, automation, voice solutions,

robotics and material handling – plus the systems integration expertise to tie

it all together. Korber helps to manage the supply chain as a competitive

advantage.

Further information is available at www.koerber-supplychain.com and

www.koerber.com/en

Contact:

Business media

Matthias Mezele

Senior Manager Group Communications

Korber AG

Tel.: +49 40 211 07 364

Mob.: +49 173 75 19 148

E-Mail: matthias.mezele@koerber.com

Mirijam Dawin

Director

Finsbury Glover Hering

Tel.: +49 211 43 07 92 43

Mob.: +49 151 163 03 664

E-Mail: Mirijam.dawin@fgh.com

Trade media

Natalie Lemke

CMO & SVP Strategy

Korber Business Area Supply Chain

Tel.: +49 171 84 92 090

E-Mail: natalie.lemke@koerber.com

Source:  Korber AG