Siemens, Bombardier Held Talks Over Train Merger

This was in the WSJ, competition may be merging

http://www.wsj.com/articles/siemens-bom ... 1438159513

It is not official as Bombardier official says company is looking at consolidation but denies it is in formal talks

EU Competition folks watching closely I suspect. It's the bloody aerospace division dragging everything else down.

https://www.bloomberg.com/news/articles ... operations" onclick="window.open(this.href);return false;

Siemens, Bombardier said in talks to combine train units
Bloomberg.com reports: "Siemens AG and Bombardier Inc. are in talks to combine their train operations, people familiar with the matter said, potentially creating a business that could better withstand rising competition from China.

The proposed joint venture, which could be worth at least 10 billion euros ($10.6 billion), would merge the firms’ train-making and signaling activities, said the people, asking not to be identified because the discussions are private. A deal could come by the middle of the year, one of the people said.

No final decisions have been made and any combination would require clearance from antitrust authorities and face potential opposition from unions, they said. Representatives for Siemens and Bombardier declined to comment."

A repeat of AdTranz, when ABB and Daimler (AEG) combined their rail operation into a joint venture (50/50 owned company).