Metro Rail News Online

Highlights Business Combination Agreement signed Siemens Alstom’s future Board of Directors: Siemens Managing Board Member Roland Busch to be nominated as Chairman and Alstom Lead Director Yann Delabriere to be nominated as Vice-chairman S iemens and Alstom have set the next key milestone for a champion in mobility. They have entered today into a Business Combination Agreement (BCA) regarding the proposed combination of Siemens’ mobility business, including its rail traction drive business, with Alstom. This BCA follows the  Memorandum of Understanding signed on 26 September 2017  and the conclusion of the required works council information and consultation process at Alstom regarding the proposed deal. The BCA sets forth the terms and conditions agreed upon by the two companies. Alstom CEO Henri Poupart-Lafarge, right, smiles to Siemens CEO Joe Kaeser Both Alstom and Siemens also announced today the proposed leadership for the future Board of Directors of Siemens...

Highlights Business Combination Agreement signed Siemens Alstom’s future Board of Directors: Siemens Managing Board Member Roland Busch to be nominated as Chairman and Alstom Lead Director Yann Delabriere to be nominated as Vice-chairman S iemens and Alstom have set the next key milestone for a champion in mobility. They have entered today into a Business Combination Agreement (BCA) regarding the proposed combination of Siemens’ mobility business, including its rail traction drive business, with Alstom. This BCA follows the  Memorandum of Understanding signed on 26 September 2017  and the conclusion of the required works council information and consultation process at Alstom regarding the proposed deal. The BCA sets forth the terms and conditions agreed upon by the two companies. Alstom CEO Henri Poupart-Lafarge, right, smiles to Siemens CEO Joe Kaeser Both Alstom and Siemens also announced today the proposed leadership for the future Board of Directors of Siemens...

Siemens and Alstom have signed a memorandum of understanding (MoU) to combine Siemens’ mobility business including its rail traction drives business, with Alstom. The transaction brings together two innovative players of the railway market with unique customer value and operational... Click here to see more https://goo.gl/ujUXsz

Alstom formally confirmed on September 22 that it had been holding discussions regarding a possible ‘combination’ with Siemens’ Mobility Division. Alstom said that no final decision had been made, discussions are on-going and no agreement had been reached. The company would ‘inform the public of... Click here to see more https://goo.gl/f4z9J1