ALSTOM SA: Siemens and Alstom submit remedy package to European Commission

Wednesday, 12. December 2018 07:30
  Press
Joint press release
from Siemens and Alstom December 12, 2018
 
    
Siemens AG
Werner-von-Siemens-Straße 1
80333 Munich
Germany

Alstom SA
48, rue Albert Dhalenne 
93400 Saint-Ouen
France


Reference number: PR2018120111COEN
 

Siemens and Alstom submit remedy package to European Commission

Alstom and Siemens have jointly agreed to submit a remedy package on December 12 to the European Commission in response to its Statement of Objection of October 29. This package represents their proposal to address the Commission's concerns while preserving the industrial and economic value of the deal.

The proposed remedies include mainly signaling activities as well as rolling stock products and represent around four percent of the sales of the combined entity. The parties consider that the proposed remedy package is appropriate and adequate. There is, however, no certainty that the content of this package will be sufficient to alleviate the concerns of the Commission. A decision by the Commission is expected by February 18, 2019.

This press release is available at: http://www.siemens.com/press/PR2018120111COEN

www.createglobalmobilityplayer.com
www.siemens.com/presse/alstom
www.alstom.com/media

Contact for journalists


Alstom
Justine Rohée - Phone. + 33 1 57 06 18 81
justine.rohee@alstomgroup.com

Samuel Miller - Phone: + 33 1 57 06 67 74
samuel.miller@alstomgroup.com

Siemens AG
Robin Zimmermann
Phone: +49 89 636 22804; E-mail: r.zimmermann@siemens.com

Richard Speich
Phone: +49 89 636 30017; E-mail: richard.speich@siemens.com

Follow us on Twitter: @siemens_press - @alstom  

Alstom Investor Relations


Julie Morel
Phone: +33 6 67 61 88 58; Email:julie.morel@alstomgroup.com

Julien Minot
Phone: + 33 1 57 06 64 84; Email julien.minot@alstomgroup.com

About Alstom
As a promoter of sustainable mobility, Alstom develops and markets systems, equipment and services for the transport sector. Alstom offers a complete range of solutions (from high-speed trains to metros, tramways and e-buses), passenger solutions, customised services (maintenance, modernisation), infrastructure, signalling and digital mobility solutions. Alstom is a world leader in integrated transport systems. The company recorded sales of €7.3 billion and booked €7.2 billion of orders in the 2017/18 fiscal year. Headquartered in France, Alstom is present in over 60 countries and employs 34,500 people. www.alstom.com

About Siemens
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. The company is active around the globe, focusing on the areas of electrification, automation and digitalization. One of the 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 2018, which ended on September 30, 2018, Siemens generated revenue of €83.0 billion and net income of €6.1 billion. At the end of September 2018, the company had around 379,000 employees worldwide. Further information is available on the Internet at www.siemens.com.




This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ALSTOM SA via Globenewswire

Related Links: Alstom S.A.
Author:
Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.