Sources have indicated that Siemens will sell its Product-Related Services business to FSC, in which it has a 50 per cent stake. The unit represents about one-fifth of the IT services firm's $5.8bn revenues.
Last month Siemens announced plans to cut 5,400 jobs at its IT services business, look for a partner for the product-related services unit, and restructure and search for other solutions for the loss-making division. In June it paid BenQ to take on its loss-making mobile phone division.
But analysts have suggested that selling SBS outright is problematic. About one-quarter of SBS revenues are linked to Siemens while the rest are derived from activities such as consulting and outsourcing, making a single buyer unlikely.
Siemens was unavailable for comment.
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