The Channel logo


By | Team Register 22nd December 2005 13:24

SBS splits off products business

The parcel is passed

Siemens has offloaded a chunk of its troublesome services business – but only to the computer maker it part-owns.

Siemens Business Services’ Product Related Services Unit has been sold to Fujitsu Siemens Computers, where it will form the core of a new service unit. Siemens is a co-owner of Fujitsu Siemens together with, unsurprisingly, Fujitsu. The truly cynical will be interested to know the deal is effective April 1 next year.

The German industrial giant had been looking to offload the whole services arm, which has been a thorn in the corporate side for some time. The rest of the Siemens Business Services arm will now concentre on Operation Related Services and Solutions, which account for three quarters of the whole business anyway.

Presumably Siemens would still be open to offloading the remainder of the services unit. It could be more attractive now the lower end product related business has been excised.

Financial terms of the deal were not disclosed.®

alert Send corrections


George Osborne, photo: HM Treasury
shutterstock_183801788_container ship

Chris Mellor

The SAN growth glory days are well and truly over, so where next?

Tom Whipp

Insurance industry insider tells all
Crypto fingers


Michael Dell. Pic by Joi Ito
Cool Texas dude is just your average billionaire
The Seeing Eye by Valerie Everett, Flickr, CC2.0
Follow the money – or, at least, our projections
Boats storm girl photo via Nikolina Mrakovic
The puppets from Team America: World Police gather at a bar for drinks.