Hisense May Bid $1 Billion for Siemens Intelligent Traffic Unit
Chinese home appliance producer Hisense Group is considering buying the intelligent traffic business of German giant Siemens AG for about $1 billion, people familiar with the matter told Caixin.
Qingdao-based Hisense intends to participate in bidding for Yunex Traffic, the intelligent traffic system unit of Siemens, though no agreement has been reached, the sources said. Siemens and Hisense didn’t comment.
- MOST POPULAR