Germany/France: Siemens signs rail merger with Alstom

Germany/France: Siemens signs rail merger with Alstom

Germany’s electronics giant Siemens and the maker of France’s high-speed TGV trains, Alstom, signed an agreement on Friday, March 23, that will see the creation of a European company to rival China’s market-leading state-owned rail giant. The accord sets the conditions for combining Alstom with Siemens Mobility, the German firm’s rail and infrastructure division. “We […]

EU: Germany’s Siemens and France’s Alstom on brink of rail merger

EU: Germany’s Siemens and France’s Alstom on brink of rail merger

France’s Alstom and Germany’s Siemens have a deal ready to sign that would merge their rail businesses in the face of Chinese competition. Alstom, which makes the French TGV high-speed train, confirmed Friday, September 22, that it was talking to Siemens about a possible railway tie-up, but said no decision had been taken. German newspaper […]

Germany: Siemens discussing railway mergers

Germany: Siemens discussing railway mergers

According to people familiar with the matter, Siemens is in discussions with Alstom and Bombardier to combine rail lines. Siemens has been reported to be in joint venture negotiations for several months with Bombardier, but now reports are saying that the company has recently approached Alstom as well. The Alstom options are reported to either […]

Germany: Siemens to acquire tech logistics firm HaCon

Germany: Siemens to acquire tech logistics firm HaCon

German conglomerate Siemens is planning to acquire HaCon, a company headquartered in Hanover, Germany. The two parties have agreed not to disclose financial details. Pending the approval of antitrust authorities, the deal is expected to be concluded in the first half of calendar year 2017. HaCon is an international provider of planning, scheduling and information […]

EU: Gamesa and Siemens gain merger approval

EU: Gamesa and Siemens gain merger approval

German engineering company Siemens and Spain’s Gamesa have won the unconditional antitrust approval from the European Union to create the world’s biggest maker of wind turbines, the European Commission said on Monday. The deal combines the German company’s strength in offshore windpower and Gamesa’s strong presence in emerging markets and comes amid a wave of […]

EU: Siemens, Gamesa soon to see approval for wind power merger

EU: Siemens, Gamesa soon to see approval for wind power merger

German engineering company Siemens and Spain’s Gamesa are set to win unconditional EU antitrust approval to create the world’s biggest wind turbine maker, two people familiar with the matter said on Thursday. The companies announced the deal last June, part of a recent wave of consolidation in the wind energy industry as companies seek to […]

Allocating Cartel Fines Among Companies of a Group

Laura Atlee, Yves Botteman, May 12, 2011 We have previously discussed the Akzo Nobel Chemicals case, in which the Court of Justice of the European Union (formerly European Court of Justice) continued to attribute joint and several liability to parent companies for cartel infringements committed by their wholly owned subsidiaries. The attribution of liability has major implications for […]