Siemens, Bombardier may combine rail units

Siemens and Bombardier 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 th...

Share this post