Siemens picks banks for two disposals: sources

The logo of Siemens AG company is pictured atop factory in BerlinFRANKFURT (Reuters) – Siemens AG has picked banks to organize the sale of two units as part of its efforts to streamline operations and stay competitive in a weak global economy, people familiar with the matter said. Goldman Sachs Group Inc will advise the German conglomerate on the sale of its Water Technologies units, while Rothschild will oversee the divestment of its smaller security products arm, which makes access card readers and technology for intruder detection and surveillance, the sources said on Monday. Siemens, Goldman and Rothschild all declined comment. …


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