The European Commission (EC) announced Feb. 6 that it has blocked the merger of Siemens Mobility and Alstom on the grounds that the two companies have failed to address its concerns over competition on the markets for signaling and high-speed rolling stock.
The European Commission (EC) has launched an “in-depth” investigation into the merger of Siemens Mobility and Alstom amid concerns that the combination may adversely affect competition in the signaling and rolling stock markets.
Germany’s Siemens AG and France’s Alstom SA are discussing a merger to create a European rail transportation manufacturing conglomerate to counter growing competition from China, according to a report in the Sept. 23, 2017 Wall Street Journal. Meanwhile, Siemens continues to engage in talks with Canada’s Bombardier, Inc. about merging their railway businesses.
In the wake of Bombardier Transportation’s ongoing problems with light rail vehicles it’s building for various Ontario LRT projects, the purported combination of the railway businesses of Siemens and Bombardier appears to have taken on an interesting twist. This folllows the filing of an official protest letter by Siemens Canada with Ontario’s Transportation Minister over Metrolinx’s awarding of a single-source LRV contract to Alstom.
Société de transport de Montréal (STM) on Oct. 23, 2015 announced a three-year capital expenditures program valued at more than C$2.8 billion (US$2.1 billion). The plan outlines spending from 2016-2018 on those investments needed to upgrade or replace equipment and infrastructure approaching the end of their service life in the next few years.
Metro de Panama has awarded Consórcio Línea, a Brazilian/Spanish consortium of Alstom, CIM, Sofratesa, Thales and TSO, a $2.2 billion contract to supply Line 2 of the Panama Metro system on a turnkey basis.
U.S. Senator Charles “Hold That Pose” Schumer (D-N.Y.), everybody’s favorite publicity-seeking, TV-camera-loving narcissistic politician, has been saying publicly that Amtrak’s board of directors has selected Alstom Transport to supply a fleet of new high-speed trainsets for the Boston-New York-Washington D.C. Northeast Corridor, to succeed aging Acela Express equipment. Schumer, according to reliable sources with whom I’ve spoken at Amtrak, has opened his big mouth way, way too soon.
Metrolinx, the government agency that oversees public transportation in Canada’s Greater Toronto and Hamilton Area in Ontario Province, on Sept. 10, 2015 awarded Alstom Transport a contract worth $127 million (C$168.5 million) million for a new computer-based integrated traffic control system for the GO Transit regional/commuter rail network.