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.
10nm Cannon Lake Core i3-8121U CPUs make a rare outing with Intel's NUC mini PC
'Notorious' Australian child hacker thought he had executed 'flawless' hack
The former employee says that Tesla fired him for bringing the accusations to management internally
Insecticides based on sulfoxaflor might be as bad for bees as neonicotinoids