27 September 2017 Europe

Siemens And Alstom Join Forces To Create A European Champion In Mobility

Signed Memorandum of Understanding grants exclusivity to combine mobility businesses in a merger of equalsListing in France and group headquarters in Paris area; led by Alstom CEO with 50 percent shares of the new entity owned by SiemensBusiness headquarter for Mobility Solutions in Germany and for Rolling Stock in FranceComprehensive offering and global presence will offer best value to customers all over the worldCombined company’s revenue €15.3 billion, adjusted EBIT of €1.2 billionAnnual syn

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