Siemens interested in EUR 5bn-EUR 6bn ThyssenKrupp Elevator acquisition
German conglomerate Siemens is interested in ThyssenKrupp Elevator, ThyssenKrupp's Elevator Technology unit, Der Tagesspiegel reported.
The German-language report cited unnamed financial sources as saying that Siemens was willing to pay EUR 5bn-EUR 6bn for the unit, which ThyssenKrupp does not want to sell.
The report said that following the failure to reach a deal to acquire Alstom, Siemens CEO Joe Kaeser could now concentrate fully on the 'Vision 2020' project which included acquisitions alongside organic growth.
Source Der Tagesspiegel