Siemens and Bombardier in final talks to combine rail operations

Siemens and Bombardier are in final stages of talks to combine their rail operations into two joint ventures for signalling and rolling-stock divisions. No money would be exchanged, and an announcement could come in early August 2017.

“Canada’s Bombardier and Germany’s Siemens are in the final stages of talks to combine their rail operations, several sources familiar with the matter said on Friday.”financialpost.com

• 1 source
• financialpost.comSiemens, Bombardier close to deal on rail tie-up, sources say - Financial PostReutersJul 21, 2017

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