A PYMNTS Company

Germany: Siemens, Bombardier in train merger talks

By  |  July 29, 2015

Siemens AG, the multinational German conglomerate and Bombardier are in early talks to merge their rail divisions, according to a Wall Street Journal report.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The paper reported July 29 that talks are preliminary and any merger between the companies is far from guaranteed, however. The report cites sources familiar with the matter.

    The news comes as Bombardier has been struggling with significant delays to its commercial CSeries aircraft program and a potential reassessment of its Global 7000 and 8000 business jet programs. The company’s stock has been languishing at 20-year lows over the past several weeks.

    Bombardier has also been planning to sell off a segment of its transportation division in an IPO, but has insisted it would maintain control.

    Full content: The Wall Street Journal

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.