Power of digital tech sees Siemens and Alstom merge

Posted on 27 Sep 2017 by Jonny Williamson
Siemens will receive newly issued shares in the combined company representing 50% of Alstom's share capital on a fully diluted basis - image courtesy of Alstom

Siemens and Alstom have signed a memorandum to combine Siemens' mobility business including its rail traction drives business, with Alstom.

Siemens will receive newly issued shares in the combined company representing 50% of Alstom’s share capital on a fully diluted basis – image courtesy of Alstom The digital tech transaction brings together two players of the railway market which are largely complementary in terms of activities and geographies. Siemens will receive…

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