Feeds

Siemens flogs chunk of telco unit

US buys into German firm

Internet Security Threat Report 2014

Siemens has finally found a buyer, or at least part-buyer, for its corporate telecoms business.

Siemens Enterprise Communications is now 51 per cent owned by Alec Gores and the Gores Group. It will be combined with Enterasys and SER Communications. Enterasys was originally the enterprise arm of Cabletron before going private in 2005.

Siemens keeps a 49 per cent stake. Gores and Siemens will invest €175m each and the joint venture will continue to focus on energy, industry and healthcare markets. The deal will have a negative impact on Siemens' fourth quarter.

Gores will take the lead in running the business and patents and licenses will be moved to the new business. Production in Leipzig will be maintained till 2011 at least, Curitiba in Brazil "will be an important production for the joint venture", the company said. But Siemens is looking at different options for the factory in Thessaloniki, Greece.

SEN will continue to be a preferred supplier to Siemens, and announced 6,000 job cuts in February. ®

Beginner's guide to SSL certificates

More from The Register

next story
Docker's app containers are coming to Windows Server, says Microsoft
MS chases app deployment speeds already enjoyed by Linux devs
'Hmm, why CAN'T I run a water pipe through that rack of media servers?'
Leaving Las Vegas for Armenia kludging and Dubai dune bashing
'Urika': Cray unveils new 1,500-core big data crunching monster
6TB of DRAM, 38TB of SSD flash and 120TB of disk storage
Facebook slurps 'paste sites' for STOLEN passwords, sprinkles on hash and salt
Zuck's ad empire DOESN'T see details in plain text. Phew!
SDI wars: WTF is software defined infrastructure?
This time we play for ALL the marbles
Windows 10: Forget Cloudobile, put Security and Privacy First
But - dammit - It would be insane to say 'don't collect, because NSA'
Oracle hires former SAP exec for cloudy push
'We know Larry said cloud was gibberish, and insane, and idiotic, but...'
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.