Siemens AG
1.58 (1.12%)
Share Name Share Symbol Market Type
Siemens AG XE:SIE XETRA Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.58 1.12% 143.24 143.20 143.24 143.92 142.78 142.78 230,524 11:01:33

Siemens Closes Sale of Commercial-Vehicles Business to Meritor

30/11/2022 2:52pm

Dow Jones News

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By Pierre Bertrand


Siemens AG said Wednesday that it has closed the sale of its commercial-vehicles business to Meritor, Inc. for an enterprise value of around 190 million euros ($196.3 million).

The commercial-vehicles unit supplies electric-drive systems for medium- and heavy-duty vehicles.

The sale was agreed to in May as part of the German industrial company's push to streamline its operations.

Meritor was acquired by Cummins Inc. in August.


Write to Pierre Bertrand at


(END) Dow Jones Newswires

November 30, 2022 09:37 ET (14:37 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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