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Planned combination of the mobility businesses of Siemens and Alstom
On September 26, 2017 Siemens and Alstom have signed a Memorandum of Understanding to combine Siemens' mobility business, including its rail traction drives 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. Siemens will receive newly issued shares in the combined company representing 50 percent of Alstom's share capital on a fully diluted basis.
On February 6, 2019 the European Commission has announced its decision to prohibit the proposed combination of the Siemens and Alstom mobility businesses. As a result of this prohibition, the merger will not proceed. Siemens and Alstom regret that the remedies they offered, including recent improvements, have been considered insufficient by the EU Commission.
On February 6, 2019 the European Commission has announced its decision to prohibit the proposed combination of the Siemens and Alstom mobility businesses. As a result of this prohibition, the merger will not proceed. Siemens and Alstom regret that the remedies they offered, including recent improvements, have been considered insufficient by the EU Commission.
Press Release06 February 2019
Siemens and Alstom regret European Commission's decision to prohibit combination of their mobility businesses
The European Commission has announced today its decision to prohibit the proposed combination of the Siemens and Alstom mobility b...
Press Release26 September 2017
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
- Listing in France and group headquarters in Paris area; led by Alstom CEO with 50 percent shares of the new entity owned by Siemen...
- Business headquarter for Mobility Solutions in Germany and for Rolling Stock in France
- Comprehensive offering and global presence will offer best value to customers all over the world
- Combined company's revenue €15.3 billion, adjusted EBIT of €1.2 billion
- Annual synergies of €470 million expected latest four years after closing
Webcast
Event Pictures: Press conference Siemens and Alstom
Press Pictures
Creating a European Champion in Mobility
Press Release12 December 2018
Siemens and Alstom submit remedy package to European Commission
Alstom and Siemens have jointly agreed to submit a remedy package on December 12 to the European Commission in response to its Sta...
Press Release30 May 2018
Planned combination of Siemens Mobility and Alstom reaches further milestones
- French Ministry for the Economy and Finance gives green light
- France's financial markets regulator grants Siemens exemption
Press Release15 May 2018
Proposed nominations of future Siemens Alstom Board of Directors completed
- All eleven members of Siemens Alstom's future Board of Directors proposed
- Six independent members, including two designated by Siemens
- Almost 50 percent are women
Press Release23 March 2018
Business Combination Agreement signed and top Board Members nomination proposals
- Business Combination Agreement signed
- Siemens Alstom's future Board of Directors: Siemens Managing Board Member Roland Busch to be nominated as Chairman and Alstom Lead...
Press Release26 September 2017
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
- Listing in France and group headquarters in Paris area; led by Alstom CEO with 50 percent shares of the new entity owned by Siemen...
- Business headquarter for Mobility Solutions in Germany and for Rolling Stock in France
- Comprehensive offering and global presence will offer best value to customers all over the world
- Combined company's revenue €15.3 billion, adjusted EBIT of €1.2 billion
- Annual synergies of €470 million expected latest four years after closing
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www.siemens.com/press/alstom
www.siemens.com/press/alstom