YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
In a move to counter China's state-owned CRRC Corp., German industrial group Siemens and French rival Alstom are merging their rail operations.
"This Franco-German merger of equals sends a strong signal in many ways. We put the European idea to work and together with our friends at Alstom, we are creating a new European champion in the rail industry for the long term," said Siemens CEO Joe Kaeser.
The combined rail venture will be known as Siemens Alstom, Fox Business reports.
Read more from Fox Business.
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