🎗Siemens and Alstom join forces to create a European Champion in Mobility

By FRA, AUTO, GER

🎗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 equals

  1. Listing in France and group headquarters in Paris area;
  2. led by Alstom CEO with 50 percent shares of the new entity owned by Siemens
  3. Business headquarter for Mobility Solutions in Germany and for Rolling Stock in France
  4. Comprehensive offering and global presence will offer best value to customers all over the world
  5. Combined company’s revenue €15.3 billion, adjusted EBIT of €1.2 billion
  6. Annual synergies of €470 million expected latest four years after closing

 

http://www.alstom.com/press-centre/2017/09/siemens-and-alstom-join-forces-to-create-a-european-champion-in-mobility/

More from tokioX :

  1. Renault-Nissan-Mitsubishi and Google join forces on next-generation infotainment
  2. 🚖Goodyear, Bridgestone Join Forces to Form U.S. National Tire Distributor
  3. 🚖Growing momentum for hydrogen as further multinationals join global coalition
  4. 🚖Japan H2 Mobility, LLC established by eleven companies to accelerate deployment of hydrogen stations in Japan
  5. 🚖PSA Group is cutting jobs at a UK factory that builds Opel and Vauxhall Astra cars for European markets  20171013
  6. 🕵Former Alstom exec jailed for Indonesia bribery
  7. 🚖Siemens To Build First Electric Highway For Trucks