SIEMENS and Alstom announced on September 26 they had agreed a merger of the two company’s rail engineering businesses.
This followed months of speculation concerning a merger or joint venture between Siemens and a rival company, Bombardier
Siemens and Alstom say they are joining forces to create a ‘European champion in mobility’, in particular to take on Chinese competitor CRRC, which is twice as big as the merged company, and will be called Siemens Alstom.
It will be based in Paris, as will its rolling stock business, although its signalling and digital services division will have its headquarters in Berlin.
Siemens will include its mobility division (rolling stock and signalling), plus its rail traction drives business, based in Germany, which until now has been part of its industrial large drives division.
This story is from the November 2017 edition of The Railway Magazine.
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This story is from the November 2017 edition of The Railway Magazine.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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