Global powerhouse Siemens has reached an agreement to sell its airport logistics division to Dutch firm Vanderlande in a 300 million euro ($325 million) deal.

Siemens Logistics announced news of the deal on October 31, 2024, confirming that the transaction is expected to be completed in 2025.

VanderlandeIt is based in Veghel, owned by Toyota Industries Corporation, and operates in the logistics sector in the field of warehousing. airportsand parcel areas.