.@Alstom and @Siemens sign rail deal to create European champion – an annotated infographic

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.

If the transaction goes ahead the combined company will have 15 billion euros ($18 billion) in sales of trains, track-signalling systems and rail services, enabling it to better compete with international rivals, especially China’s state-backed CRRC.

It would also signal a shift in France’s policy of industrial intervention under President Emmanuel Macron in favour of creating “European champions” — even if that means selling industrial assets that were once deemed strategic.

Click on the graphic for an expanded view.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s