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EU blocks Siemens-Alstom merger citing 'serious' competition issues | DW | 06.02.2019

DW.COM Original article ›

Keywords: Rc, Alstom, Siemens,

LyrArc Article Gist
The merger of Siemens Mobility and Alstoma who produce long distance ICE and TGV trains in Germany and France was blocked by the European Commission, because "it seriously reduced competition." The merger would have created a rival to China's CRRC in high speed trains. The European Commission stated the rail signalling systems market as a principal reason as the two companies could raise prices because of their size in that market.



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