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Siemens makes progress on sale of units

  • Siemens (SI -2.1%) is reportedly in advanced negotiations to sell its water-technologies operations to AEA Investors for $800M after the New York private-equity firm beat out American Industrial Partners in the final round of bidding.
  • Siemens said last year that it intended to sell the unit as part of its plan to focus on its most profitable assets.
  • The conglomerate is also in advanced discussions to sell its postal automation and baggage-handling division unit to P-E firm Triton.
  • In addition, Siemens has received bids from ABB (ABB) and Schneider (SBGSF.PK), among other suitors, for its wiring accessories activities. The offers value the unit's equity and debt at €150-200M.
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