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 firmsâ 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
← Back to Utah