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 Flender, the company is now promptly taking another important step in the rigorous execution of its Vision 2020+ strategy for enabling Siemens to become a focused technology company. Carlyle’s plans – following Flender’s successful reorientation – are to further accelerate…
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