Siemens Logistics has agreed to sell its mail and parcels business to German technology group Koerber for 1.15 billion euros ($1.31 billion). Insider report about the sale of Siemens Logistics’s postal business, which recorded annual revenue of half a billion euros, has circulated since November of last year. The airport logistics business, which produces baggage and cargo handling solutions, will remain with Siemens Logistics, the company said. The deal with Koerber is expected to be … [Read more...] about Siemens Logistics agrees to sell parcel unit for US$1.3b