Vanderlande to acquire Siemens Logistics from Siemens for €300m.

Vanderlande, a material handling and logistics automation company, agreed to acquire Siemens Logistics, an airport logistics services provider, from Siemens, a German multinational technology conglomerate, for €300m. "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," Andrew Manship, Vanderlande President and CEO.