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Siemens to carve up services arm

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globalisation

Siemens is expected to break up its IT services division after failing to offload the business as a job lot.

The German industrial giant has been touting the Siemens Business Services business all year, even as it has slashed costs and jobs at the unit.

The FT reports today that the is ready to sell the product related services business to Fujitsu Siemens Computers. Given that Siemens owns 50 percent of the computer firm, this sounds more like pass the parcel than a long-term solution.

However, the move would leave the rest of the unit focused on consulting and outsourcing, which may be more attractive to a trade buyer.®

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