Siemens and Alstom set for rail merger

France’s Alstom and Germany’s Siemens have agreed to merge in a deal that brings the former arch-rivals together to create a new European champion to counter competition from China


Alstom 	AGV REVENUE OF RAIL ACTIVITIES 	Siemens Velaro
	(€bn, last available financial year)


30
25
20
15
10
5
0
CRRC 	Siemens Alstom 	Siemens Mobility	Alstom 	Bombardier

€30.5 CRRC: Revenue of China’s state-backed operator is bigger than Siemens Mobility, Alstom and Bombardier Transportation combined

€15.30 Siemens Alstom: New group – combined sales of €15.3bn – to be led by Alstom CEO Henri Poupart-Lafarge with HQ in Paris area
Siemens to hold 50% of shares initially

€8
€7.3

€6.8 BOMBARDIER Canadian group held separate merger talks with Siemens


Sources: Siemens, Reuters 
Picture: Getty Images 
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