![](https://i0.wp.com/aviation.direct/wp-content/uploads/1_Gepackanlage.jpg?fit=1200%2C800&ssl=1)
Siemens sells airport baggage sorting systems to Toyota for 300 million euros
Siemens has decided to sell its airport baggage sorting business to the Japanese Toyota Group for 300 million euros. The subsidiary Siemens Logistics, which employs 2.500 people and has its headquarters in Nuremberg, is profitable and has a leading market position. The sale, which is to be completed next year, is part of Siemens' strategy to sharpen its portfolio as a leading technology company. Siemens Logistics generates annual sales of around 550 million euros and serves well-known customers in the aviation industry. The buyer is the Toyota subsidiary Vanderlande, a provider of automation technology for warehouses and airports. Siemens has spun off or sold several parts of the company over the past two decades and is increasingly concentrating on the industrial software business.