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2017-04-11 - [World] Siemens, Bombardier said in talks to combine train units

Home News Archive 2017-04-11 - [World] Siemens, Bombardier said in talks to combine train units


Bloomberg.com reports: "Siemens AG and Bombardier Inc. are in talks to combine their train operations, people familiar with the matter said, potentially creating a business that could better withstand rising competition from China.


The proposed joint venture, which could be worth at least 10 billion euros ($10.6 billion), would merge the firmsí train-making and signaling activities, according to anonymous sources. It has been indicated that a deal could come by the middle of the year.


No final decisions have been made and any combination would require clearance from antitrust authorities and face potential opposition from unions, they said. Representatives for Siemens and Bombardier declined to comment."


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SiemensBombardier

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