# Carlyle nears $2.4B deal to acquire Siemens' Flender business

Carlyle Group is nearing an agreement to acquire Siemens' mechanical drive arm Flender for about EUR 2 billion ($2.37 billion).

- Type: Acquisition
- Announced: 2024-03-18
- Value: $2.37B (2.00B EUR)
- Status: rumored
- Products: mechanical drives
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Siemens](https://endata.com/companies/301.md) (target)
- [Carlyle Group](https://endata.com/companies/458.md) (acquirer)

## Sources

- [marinelink.com](https://www.marinelink.com/news/maritime/siemens-ag), 2024-03-18: "Siemens and Carlyle are finalizing terms of the deal that could be announced as early as this week."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.