Siemens and Bombardier May Combine Train Units
CBJ — Siemens and Bombardier are in discussions to possibly combine their train operations, which combined has a value of more than $12 billion.
The proposed joint venture would merge the firms’ train-making and signalling activities. Sources say a deal could be finalized by the summer.
Talks between Bombardier and Siemens allegedly started earlier this year.
As of this posting representatives from Siemens and Bombardier had made no comment on the matter.
Siemens makes the ICE high-speed train which connects German cities such as Cologne, Berlin and Munich. The division also makes city trams and signalling equipment. Siemens’s mobility unit has been dogged for years by charges and severance payments as it cut employees, prompting recurring speculation that the company may seek a partner such as Bombardier or Alstom, the French maker of the TGV trains.
Siemens’s bid in 2014 to buy Alstom failed amid a competing offer from General Electric Co., which ended up buying Alstom’s energy-generation assets.