Munich - Siemens announced Friday it was selling most of phone maker SHC to investment company Arques, ending its traditional link with phone production.
Siemens provided no financial details of the sale of 80.2 per cent of SHC (Siemens Home and Office Communications Devices), which is, like the parent company, based in Munich.
Apart from phones, SHC also makes accessories for rapid internet access and internet telephony and receivers for digital television.
Arques chief Michael Schumann said the investment company, which buys companies with the aim of restructuring them and selling them on, aimed to boost SHC's key brands.