Siemens and Alstom sign business combination agreement for rail merger

Siemens and Alstom have signed a business combination agreement on 23 March 2018 to merge their mobility businesses, including rail traction drives, into a joint venture named Siemens Alstom headquartered in Saint-Ouen, France. The merger is subject to regulatory and shareholder approval.

“Both companies are working diligently and in a very good spirit to progress towards closing.”equipment-news.com

• 1 source
• equipment-news.comBusiness Combination Agreement For Siemens And Alstom - Asia Pacific Metalworking Equipment News | Manufacturing | Automation | Quality ControlApr 10, 2018

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