Legal Proceedings Report • Dec 12, 2018
Legal Proceedings Report
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from Siemens and Alstom December 12, 2018
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
Siemens AG Werner-von-Siemens-Straße 1 80333 Munich Germany
Alstom SA 48, rue Albert Dhalenne 93400 Saint-Ouen France
Joint press release from Siemens and Alstom
Alstom Justine Rohée – Phone. + 33 1 57 06 18 81 [email protected]
Samuel Miller - Phone: + 33 1 57 06 67 74 [email protected]
Siemens AG Robin Zimmermann Phone: +49 89 636 22804; E-mail: [email protected]
Richard Speich Phone: +49 89 636 30017; E-mail: [email protected]
Follow us on Twitter: @siemens\_press - @alstom
Julie Morel Phone: +33 6 67 61 88 58; Email:[email protected]
Julien Minot Phone: + 33 1 57 06 64 84; Email [email protected]
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 ebuses), 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
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-
Siemens AG Werner-von-Siemens-Straße 1 80333 Munich Germany
Alstom SA 48, rue Albert Dhalenne 93400 Saint-Ouen France
Reference number: PR2018120111COEN
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.
Alstom SA 48, rue Albert Dhalenne 93400 Saint-Ouen France
Reference number: PR2018120111COEN
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