Germany: Flender says it has resumed trading as an ‘independent’ company following the completion of its sale by Siemens to Carlyle Group for Euro2.04bn. The mechanical and electrical drive system supplier said that its existing contract remained unchanged, adding, “With our skilled employees, excellent range of products, and a growth-oriented new owner, we are in an ideal position to act even more effectively.”
The ownership change coincides with the launch of Flender’s new Jaegger Direct supplier portal. The portal succeeds SCM Star, the tool used by Simens, in handling requests for quotation, tender management and company profile data. The company asked customers to register with Jaggaer Direct to confirm the transfer of their data from SCM Star. It said that it will dispatch email invitations and login links in the coming days.