Private equity firm Triton is reportedly nearing a deal to acquire the German drive technology specialist Flender. Triton is in talks with the current owner, Carlyle, regarding a transaction that would value the company at approximately three billion euros, Bloomberg News reported on Tuesday, citing sources familiar with the matter. An agreement could be announced as early as this week. Representatives for Triton, Carlyle, and Flender declined to comment to Bloomberg. Carlyle acquired Flender from Siemens in 2021 for over two billion euros, as the Munich-based technology group divested several non-core businesses.
(Reporting by Sabine Wollrab, edited by Sabine Ehrhardt. For inquiries, please contact our editorial team at berlin.newsroom@thomsonreuters.com (for politics and economics) or frankfurt.newsroom@thomsonreuters.com (for companies and markets).)
Siemens AG is one of the world's leading manufacturers of electronic and electro-technical equipments. Net sales break down by family of products as follows:
- medical equipment (29.6%): medical imaging systems, laboratory diagnostics and hearing aid systems, etc.;
- smart building and infrastructure solutions (28.7%): energy transition solutions, HVAC products (heating, ventilation and air conditioning systems), building security systems (fire detection and protection systems, access control, video surveillance and intrusion detection systems, etc.), building management systems, etc.;
- digital industrial equipment (22.1%): automated production, assembly, logistics and monitoring systems, etc.;
- mobility solutions and systems (15.8%): rail vehicles, rail automation systems, rail electrification systems, digital and cloud-based solutions, etc.
The remaining net sales (3.8%) are primarily from financial activities (leasing, equipment and project financing, financial consulting services, etc.).
Net sales are distributed geographically as follows: Germany (14.8%), Europe/Commonwealth of Independent States/Africa/Middle East (32%), the United States (28%), America (4.6%), China (9.1%), Asia and Australia (11.5%).
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