Siemens and Alstom to merge rail divisions in joint venture

Siemens and Alstom have agreed to form a joint venture, Siemens Alstom, combining their rail manufacturing divisions. Siemens will own just over 50% of the shares, with headquarters in Paris and Germany. The venture has combined annual revenue of around €15.3bn.

“This Franco-German merger of equals se”press.siemens.com

• 5 sources
• press.siemens.comSiemens and Alstom join forces to create a European Champion in Mobility | Press | Company | SiemensSep 26, 2017
• livemint.comSiemens to merge rail operations with French rival AlstomOliver Sachgau, Ania NussbaumSep 27, 2017
• reuters.comAlstom, Siemens to merge rail businesses to counter China's CRRCAlexander HübnerSep 27, 2017
• themanufacturer.comSiemens and Alstom launch joint venture to counter Chinese rail giantMichael CruickshankSep 28, 2017
• arabnews.comArab News | Siemens and Alstom join forces to create a European champion in mobility

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