Siemens and Alstom have together signed a Memorandum of Understanding combining Siemens' mobility business, including its rail traction drives business, with Alstom.
The agreement between the two innovative giants of the rail industry, will bring together unique customer value and operational potential. The two businesses are somewhat complementary in terms of activities and geographies.
Siemens will receive newly issued shares in the combined company representing 50 percent of Alstom's share capital on a fully diluted basis.
