Siemens sells Flender GmbH to Carlyle for more than €2 bln
The FINANCIAL — The Managing Board and Supervisory Board of Siemens AG have approved the sale of Flender GmbH – a world-leading supplier of mechanical and electrical drive systems – to Carlyle. The contracting parties signed a corresponding agreement today. The price is €2.025 billion (enterprise value). Siemens recently gave its energy business independence through a public listing. By selling
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