The Channel logo
The Channel uses cookies. Find out more.

News

By | Team Register 22nd December 2005 13:24

SBS splits off products business

The parcel is passed

Sponsored: Creating the Storage Advantage

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.®

Sponsored: Creating the Storage Advantage

alert Send corrections

Opinion

Chris Mellor

VC sequence could end not with a bang, but a whimper
Sad man stares glumly over boxed contents of desk. Image via shutterstock (Baranq)

Chris Mellor

All that is storage does not beget gold
Lost

Features

Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini
You see a diversity tickbox nightmare, I see human beings
hands waving dollar bills in the air
AWS and Salesforce match up to Ellison's hardware