Siemens/Alstom deal to ‘boost competitiveness’

Train manufacturing giants plan to merge their rail and mobility services operations in a bid to drive away competition from Far East newcomers
 
Siemens president Joe Kaeser (left) and Alstom’s chairman and CEO Henri Poupart-Lafarge revealed the merger plans
 
Siemens and Alstom, Europe’s largest train manufacturers, have agreed a merger of their rail and mobility services divisions. The deal, expected to be completed by the end of next year, has been driven by growing com