On 26th September, 2017, Siemens and Alstom have signed a Memorandum of Understanding to combine Siemens’ mobility business with Alstom.

The transaction brings together two innovative players of the railway market with unique customer value and operational potential. The two businesses are largely complementary in terms of activities and geographies. The headquarter of this new company will be based in Paris area and led by Alstom current CEO, Henri Poupart-Lafarge.

In France, Alstom and Siemens initiated Works Councils’ information and consultation procedure according to French law prior to the signing of the transaction documents. The transaction is also subject to clearance from relevant regulatory authorities, including foreign investment clearance in France and anti-trust authorities as well as the confirmation by the French capital market authority (AMF) that no mandatory takeover offer has to be launched by Siemens following completion of the contribution.

Closing is expected at the end of calendar year 2018.

The preferred partner for transport solutions

The railway market, driven by increasing urbanisation, is growing steadily. In a context of globalisation and consolidation, Alstom`s ambition is to be the preferred partner of its customers for their transport solutions in all geographic locations and all market segments.

With a customer-focused organisation across the globe, Alstom offers a complete range of solutions and constantly innovates to create value for its customers.

The company strives for operational and environmental excellence and bases its success on a diverse and entrepreneurial team across the globe..

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