# Alstom and Siemens to combine mobility businesses in €15B deal

Alstom signed a Memorandum of Understanding to combine with Siemens' mobility business. Siemens will receive 50% of Alstom's share capital, and the combined entity will be named Siemens Alstom.

- Type: Acquisition
- Announced: 2017-09-26
- Value: $17.7B (15.0B EUR)
- Status: announced
- Products: railway products and solutions
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

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

## Sources

- [clearygottlieb.com](https://www.clearygottlieb.com/news-and-insights/news-listing/alstoms-15-billion-combination-with-siemens-mobility-business), 2017-09-27: "Cleary Gottlieb represented Alstom, which signed a Memorandum of Understanding on September 26, 2017, to combine Siemens’ mobility 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.