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Planned combination of Siemens Mobility and Alstom reaches further milestones
2018-5-31 Siemens AG Siemens AG
Munich, 2018-May-30
- French Ministry for the Economy and Finance gives green light
- France's financial markets regulator grants Siemens exemption
The planned combination of Siemens' mobility business, including its rail traction drive business, with Alstom has reached the next milestones. In connection with the transaction, the French Ministry for the Economy and Finance (MINEFI) has granted Siemens foreign investment clearance. The Ministry can restrict or prohibit foreign investments in specified industries in France.
In addition, France's financial markets regulator Autorité des Marchés Financiers (AMF) granted Siemens an exemption from the mandatory filing of a takeover offer for the remaining shares of the new company after completion of the deal.
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for 170 years. The company is active around the globe, focusing on the areas of electrification, automation and digitalization. One of the world's largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of efficient power generation and power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. With its publicly listed subsidiary Siemens Healthineers AG, the company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2017, which ended on September 30, 2017, Siemens generated revenue of €83.0 billion and net income of €6.2 billion. At the end of September 2017, the company had around 377,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
