Hisense interested in Siemens’ tra • Table.Briefings

Siemens Mobility plans to sell its subsidiary Yunex, which offers technology solutions for traffic control. In addition to European and American bidders, Chinese tech company Hisense is now also expressing interest. In view of the rapid digitalization of traffic in China, the acquisition would be particularly promising.

The Chinese household appliance group Hisense is interested in acquiring Siemens’ transport technology division „Yunex“. This was reported by the Chinese business medium 21st Century Business Herald. Yunex Traffic, as the Siemens sub-company is known since July 2021, offers complete IT packages for traffic control. These include traffic lights and cameras, but also servers and software. This, in turn, fits in perfectly with Hisense’s TransTech division. Its president Zhang Sihai announced in an interview a steady international expansion. The acquisition price is reportedly one billion US dollars.

Hisense interested in Siemens’ transportation technology division

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