Siemens seeks clearance to combinewith Alstom

Siemens seeks clearance to combine Siemens’ rail mobility business with Alstom

26 October 2018

The Commerce Commission has received a clearance application from Siemens A.G. to combine its rail mobility business with Alstom S.A.

The proposed merger is global and relates to the rail mobility industry, which involves the supply of a wide range of rail products and project services including rolling stock and signalling systems. The merger is being considered by a number of other jurisdictions including Australia and the European Union.

In New Zealand, Siemens Mobility supplies rail signalling projects and products largely through its New Zealand subsidiary, Siemens (N.Z.) Limited.

Alstom’s activities in New Zealand include the supply of point machines, which allow trains to change from one track to another.

A public version of the clearance application will be available shortly on the Commission’s case register.

Background

Siemens, which is based in Germany, is a global manufacturing company with business divisions in a wide range of industries, including the supply of products and services such as rolling stock and signalling systems for the rail mobility industry.

Alstom, which is based in France, is an international supplier in the rail mobility industry. Alstom supplies a range of rolling stock, including high-speed trains, metros and trams, and other products and services, including signalling systems and products.

We will give clearance to a proposed merger if we are satisfied that the merger is unlikely to have the effect of substantially lessening competition in a market.

Further information explaining how the Commission assesses a merger application is available on ourwebsite.

ends

© Scoop Media