Benetton Group – Interest in Siemens Subsidiary – Economy

The Italian infrastructure holding company Atlantia is vying for the Siemens road traffic subsidiary Yunex Traffic. Atlantia, which is controlled by the Benetton family of entrepreneurs, has confirmed that it has submitted a binding bid for Yunex. The news agency Bloomberg reported, citing insiders, that the Italians were one of the most promising bidders. In contrast, the interest of financial investors such as KKR and Bridgepoint has cooled. According to one of the insiders, Siemens can expect almost a billion euros for Yunex. That would be significantly more than Siemens had hoped for. According to Reuters information, the expectations were around 700 million euros. Siemens wants to part with Yunex because its products from traffic lights to traffic control systems to toll systems do not really fit into the core business of the Mobility train division.