# 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.

- Type: Acquisition
- Announced: 2017-09-26
- Where: Paris, France
- Status: announced
- Products: rolling stock, high-speed trains, mobility solutions
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Siemens](https://endata.com/companies/301.md) (acquirer)
- [Alstom](https://endata.com/companies/3570.md) (target)

## Sources

- [press.siemens.com](https://press.siemens.com/global/en/pressrelease/siemens-and-alstom-join-forces-create-european-champion-mobility), 2017-09-26: "This Franco-German merger of equals se"
- [livemint.com](https://www.livemint.com/Companies/IXEZ0lmbx5z7Aul2oMNpmK/Siemens-to-merge-rail-operations-with-French-rival-Alstom.html), 2017-09-27: "We need to strengthen our ability to compete."
- [reuters.com](https://www.reuters.com/article/world/alstom-siemens-to-merge-rail-businesses-to-counter-chinas-crrc-idUSKCN1C118P/), 2017-09-27: "German industrial group Siemens AG and French rival Alstom SA agreed to merge their rail operations, creating a European champion to better withstand the international advance of China's state-owned CRRC Corp Ltd."
- [themanufacturer.com](https://www.themanufacturer.com/articles/siemens-alstom-unite-rail-manufacturing/), 2017-09-28: "This Franco-German merger of equals sends a strong signal in many ways."
- [arabnews.com](https://www.arabnews.com/corporate-and-sponsored-content/siemens-and-alstom-join-forces-to-create-a-european-champion-in-mobility-1174576), 2017-10-09: "Siemens and Alstom have signed a memorandum of understanding (MoU) to combine Siemens’ mobility business including its rail traction drives business, with Alstom."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.