Alstom and Siemens Merge Rail Activities to Cope With Strong Asian Competition
Siemens and Alstom have agreed to combine Alstom’s assets with Siemens’ mobility business (including its rail traction drives business) to create the second-largest manufacturer of rolling stock, in order to cope with increasing competition out of China. Ahead of the deal's completion, which is expected at year-end 2018, Alstom will distribute EUR 8 per share to shareholders, resulting from a control premium (EUR 4 per share) and EUR 2.5 billion of proceeds from exercising put options in energy ...Alstom serves the power generation and transmission markets, and rail transport market. Co.'s activities are divided into four sectors: the Thermal Power Sector (Co. offers power generation solutions using gas or coal to services including plant modernization, maintenance and operational support); the Renewable Power sector offers EPC solutions, turbines and generators, control equipment and maintenance for Hydropower and Wind power activities; the Grid Sector designs and manufactures equipment and turnkey solutions to manage power grids and transmit electricity from the power plant to the large end-user; and the Transport Sector provides rail transport products, systems and services.
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