Siemens and Alstom join forces to create a European Champion in Mobility
* Signed Memorandum of Understanding grants exclusivity to combine mobility businesses in a merger of equals
* Listing in France and group headquarters in Paris area; led by Alstom CEO with 50 percent shares of the new entity owned by Siemens
* Business headquarter for Mobility Solutions in Germany and for Rolling Stock in France
* Comprehensive offering and global presence will offer best value to customers all over the world
* Combined company’s revenue €15.3 billion, adjusted EBIT of €1.2 billion
* Annual synergies of €470 million expected latest four years after closing