# Siemens picks Toyota's Vanderlande as buyer for logistics unit

Siemens has selected Toyota's Vanderlande as the buyer for its logistics unit, according to sources. The deal is pending finalization.

- Type: Acquisition
- Announced: 2024-08-22
- Where: California, United States
- Value: $10.6B
- Status: rumored
- Products: logistics automation
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Siemens](https://endata.com/companies/301.md)
- [Siemens](https://endata.com/companies/301.md) (acquirer)
- [Toyota](https://endata.com/companies/16194.md) (investor)
- [Vanderlande](https://endata.com/companies/16925.md) (acquirer)
- [Trayer Engineering Corporation](https://endata.com/companies/79712.md) (target)
- [Altair Engineering](https://endata.com/companies/80807.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/markets/deals/siemens-picks-toyotas-vanderlande-buyer-logistics-unit-sources-say-2024-08-22/), 2024-08-22: "Siemens picks Toyota's Vanderlande as buyer for logistics unit, sources say"
- [press.siemens.com](https://press.siemens.com/global/en/pressrelease/siemens-agrees-acquire-trayer-engineering-corporation-broaden-product-portfolio-grid), 2024-09-10: "Siemens has announced its agreement to acquire California-based Trayer Engineering Corporation (Trayer), a leader in the design and manufacturing of medium voltage secondary distribution switchgear."
- [plantengineering.com](https://www.plantengineering.com/latest-plant-engineering-ma-september-2024-siemens-timken-floworks/), 2024-10-24: "Siemens will acquire Trayer Engineering Corp., a California-based specialist in medium-voltage switchgear."
- [machinedesign.com](https://www.machinedesign.com/community/editorial-comment/article/55244101/its-a-big-deal-industrial-automation-acquisitions-strategic-growth-diversification), 2024-11-19: "The addition of Altair's capabilities in simulation, high-performance computing, data science and artificial intelligence together with Siemens Xcelerator will create the world's most complete AI-powered design and simulation portfolio."

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