Ricardo Rail steps up to Australia
British advisory and engineering company Ricardo has purchased shares of Transport Engineering, a leading rail technical services consultancy based in Australia. The acquisition strengthens Ricardo’s rail division and increases its total staff to more than...Read more
GE Transportation merges with Wabtec
GE Transportation, the General Electric’s subsidiary specialised in manufacturing rolling stock and railway equipment, has merged with Wabtec Corporation. The U.S. technology company has sold more than half of GE Transportation shares. The remaining lesser...Read more
European Commission forbids Alstom-Siemens merger
The European Commission has decided to prohibit the proposed merger of two technology giants – Siemens Mobility and Alstom. The decision means that two companies will continue to work separately and the proposed new EU...Read more
New concessions for Alstom-Siemens merger
The discussions over the merger of Alstom and Siemens escalated by the new concessions proposed by both companies. While EU competition authorities are reviewing the new offer, some officials see political support for the deal....Read moreAlstom and Siemens update merger proposal to European Commission
Two European rolling stock manufacturers Alstom and Siemens Mobility have submitted a new joint remedy package to the European Commission in order to receive approval for their merger deal signed on 29 March 2018. The...Read more
Network Rail wants European Commission to block Siemens-Alstom merger
British infrastructure manager Network Rail has asked the European Commission to block the merger of Siemens and Alstom, because it would do ‘great harm’ to the railways in Great Britain. Network Rail chief executive Andrew Haines...Read more
European Commission: merger of Alstom and Siemens may reduce competition
The European Commission is concerned that the merger of Alstom and Siemens may reduce competition in the supply of several types of trains and signalling systems. It has opened an in-depth investigation to assess the...Read more
Permission French government brings merger Siemens and Alstom closer
The French Ministry of Economy and Finance has given Siemens permission for foreign investments within the framework of the merger with train manufacturer Alstom. The Ministry can restrict or prohibit foreign investments in specified industries...Read more