28 March 2018

Siemens And Alstom Sign Business Combination Agreement, Nominate Directors

Siemens and Alstom have entered into a Business Combination Agreement (BCA) regarding the proposed combination of Siemens' mobility business, including its rail traction drive business, with Alstom. This BCA follows the Memorandum of Understanding signed on 26 September 2017 and the conclusion of the required works council information and consultation process at Alstom regarding the proposed deal. The BCA describes the terms and conditions agreed upon by the two companies. Both Alstom and Sieme

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