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Hisense interested in Siemens’ transportation technology division

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.

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