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EU Commission, Siemens says-Alstom merger

The European Commission has concluded the train-divisions of Siemens and Alstom says the together. The two companies offered measures have not been sufficient t

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EU Commission, Siemens says-Alstom merger

The European Commission has concluded the train-divisions of Siemens and Alstom says the together. The two companies offered measures have not been sufficient to address the competition concerns.

From a competition, the EU Commission stops reasons the merger of the train-Siemens and French Alstom group.

The proposed merger would have adversely affected the competitive situation on the markets for railway signalling systems and high-speed trains, announced by the EU Commission.

EU competition Commissioner Margarethe Vestager called Siemens and Alstom "Champions" in your subject.

"Siemens and Alstom are both 'Champions' in the rail transport sector", said the responsible EU Commissioner, Margrethe Vestager. "Without adequate remedial measures, the merger in higher prices for signal systems to ensure the safety of the passengers, and for the next generations of high-speed trains."

The large-scale project of a "Airbus of the Rail" - has failed. Already the day before, several media had reported unanimously that the merger, standing in front of the.

the manufacturer of The ICE, Siemens and the TGV-engineering company Alstom had to want to put together their railway divisions to become one of Europe's largest producers and to insist, especially in international competition - for example, with China.

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