Deals
Siemens, Bombardier Said in Talks to Combine Rail Units
- Joint venture would merge train-making, signaling activities
- Potential combination would require antitrust clearance
Siemens, Bombardier Said in Talks to Combine Rail Units
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Siemens AG and Bombardier Inc. are in talks to combine their rail operations, according to people familiar with the matter, potentially creating a business that could better fend off increasing competition from China.
The proposed joint venture, which could be worth at least 10 billion euros ($10.6 billion), would merge the firms’ train-making and signaling activities, said the people, asking not to be identified because the discussions are private. A deal could come by the middle of the year, one of the people said.