# 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.

- Type: Acquisition
- Announced: 2018-03-23
- Where: Saint-Ouen, Paris, France
- Status: announced
- Products: rail traction drives, mobility solutions

## Companies

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

## Sources

- [equipment-news.com](https://www.equipment-news.com/business-combination-agreement-siemens-alstom/), 2018-04-10: "Both companies are working diligently and in a very good spirit to progress towards closing."

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