Alstom, Siemens to merge rail businesses to counter China

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Alstom, Siemens to merge rail businesses to counter China
(Source: Reuters, September 26, 2017)

MUNICH/PARIS — German industrial group Siemens AG and French rival Alstom SA agreed to merge their rail operations, creating a European champion to better withstand the international advance of China’s state-owned CRRC Corp Ltd.

Full story: Reuters

Wednesday, September 27, 2017

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