MORE than 95% of Alstom’s shareholders voted in favour of the merger with Siemens Mobility at a special shareholders’ meeting which took place in Paris on July 17.
SLOVAKIA’s competition authority has approved the merger of Budamar Logistics and Optifin Invest with the joint acquisition of freight wagon manufacturer Tatravagónka.
COMPLETION of the planned merger between Siemens’ Mobility division and Alstom could be delayed until from the end of 2018 until some time during the first half of 2019 due to the time needed to prepare for regulatory approval from competition authorities in several countries.
THE planned merger between Siemens Mobility and Alstom has moved a step closer after Siemens has passed two key legal hurdles in France.
THE ranking of the world’s largest railway equipment suppliers is set to change when the agreed merger between GE Transportation and Wabtec comes into force, according to analysis by IRJ.
CZECH rolling stock manufacturer Škoda Transportation Group has acquired the remaining 25% stake in Finnish train builder Transtech for an undisclosed sum.
THE boards of General Electric (GE) and Wabtec approved the merger of GE Transportation with Wabtec in a deal worth $US 11.1bn on May 21. The merger will make Wabtec a Fortune 500 company and a major player in the railway equipment and services market with operations in more than 50 countries.
THE board of bus and rail operator First Group has unanimously rejected a cash offer from US equity firm Apollo Management to buy the company, saying the offer “fundamentally undervalues the company and is opportunistic in nature.”
HQ Equita has agreed to sell its MEN Mikro Elektronik IT subsidiary to Deutsche Beteiligungs which will result in the merger of MEN Mikro Elektronik with Deutsche Beteiligungs’s Duagon Holding subsidiary.
THE merger of Siemens’ mobility business and Alstom reached a milestone on March 23 with the signing of a Business Combination Agreement (BCA) setting out terms and conditions agreed by the two companies for the combination.
