Körber, an international technology group, agreed to acquire the mail and parcel business of Siemens, a German multinational conglomerate corporation and the largest industrial manufacturing company in Europe, for $1.27bn. "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," Stephan Seifert, Körber Group CEO.