- Published: 12 March 2021 12 March 2021
Siemens has successfully closed the sale of Flender GmbH to The Carlyle Group for €2.025 billion (enterprise value).
In October 2020, Siemens announced its plans to sell the specialised supplier of mechanical and electrical drive systems to Carlyle. Now that the relevant authorities have granted the required approvals, the transaction has closed. The wind energy generation (WG) unit previously owned by Siemens is also part of Flender.