Siemens sells airport logistics division to Vanderlande in $325 million deal 

The global powerhouse Siemens has reached an agreement to sell its airport logistics division to Dutch firm Vanderlande in a €300 million ($325 million) deal. 

Siemens Logistics announced news of the agreement on October 31, 2024, with confirmation that the transaction is expected to close in 2025.  

Vanderlande, owned by Toyota Industries Corporation, is based in Veghel and operates in the logistics sector within warehousing, airports, and parcel fields.  

“In Vanderlande, we have found the best future owner for our airport logistics business,” said Ralf Thomas, CFO of Siemens AG. “I’m very pleased that we have enabled Siemens Logistics to become a stable, profitable and leading company for airport logistics. With Vanderlande, we are paving the way for further future-oriented business development.”  

Thomas added: “By selling Siemens Logistics, we’re taking another important step in sharpening our portfolio as a leading technology company.” 

Siemens Logistics is represented worldwide through its regional companies and has partnerships with numerous leading airports and airlines. 

“As a distinguished provider of solutions for airport logistics, Siemens Logistics enjoys first-class reputation in the baggage and air-cargo handling areas. Together with Vanderlande and our committed global teams, we look forward to bringing fresh impetus to the airport industry and to supporting our customers’ business with future oriented technologies,” said Michael Schneider, CEO of Siemens Logistics. 

Vanderlande operates in more than 600 airports, including 12 of the world’s top 20, and over 380 of its security lanes are installed at checkpoints worldwide. 

“Siemens Logistics’ innovative approach and robust business model align perfectly with Vanderlande’s vision for the future. Its forward-thinking and innovative mindset also proves its ability to adapt to changing market dynamics. Our customers will benefit from a broader range of solutions and services, enabling them to address their challenges more effectively,” said Andrew Manship, Vanderlande’s President and CEO. 

Germany-based Siemens AG is one of the world’s leading technology companies, focusing on industry, infrastructure, mobility, and healthcare. 

In fiscal 2023, which ended on September 30, 2023, the Siemens Group generated revenue of €74.9 billion ($81.3 billion) and net income of €8.5 billion ($9.2 billion).   

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