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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