Siemens subsidiary to be bought for $800m

AEA is reported to have beaten American Industrial Partners with its offer of $800m in the final bidding rounds.

Siemens Wassertechnik was officially put up for sale at the end of 2012. The subsidiary is said to have reported revenues of $1.3bn with EBITDA of $70-80m.

In a seperate deal, Siemens is thought to be in talks with private equity house Triton Capital Partners regarding the sale of its postal automation and baggage-handling division. 

AEA, Siemens and Triton declined to comment.

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• DACH
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• Buyouts
• Germany