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- Siemens (OTCPK:SIEGY) said today that it agreed to sell its Yunex Traffic intelligent transportation business to Atlantia (OTCPK:ATASF) for €950 (~$1.1B) including debt, as it continues to divest non-core businesses.
- Siemens says its management and supervisory boards have approved the sale of Yunex Traffic, which makes traffic lights and associated software systems.
- In its effort to streamline its business, Siemens recently listed its medical device divisions.
- While Siemens performs very well for a conglomerate, it likely will underperform in comparison to pure-play competitors such as ANSYS, Autodesk, ABB and Schneider Electric, Deep Value Ideas writes in an analysis published recently on Seeking Alpha.