Poupart-Lafarge releases brief update on Siemens Alstom merger

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Alstom CEO Henri Poupart-Lafarge (R) takes questions from the world's media following the Siemens Alstom merger announcement in September. Credit: Siemens Alstom.
Alstom CEO Henri Poupart-Lafarge (R) takes questions from the world's media following the Siemens Alstom merger announcement in September. Credit: Siemens Alstom.

Alstom’s chairman and CEO Henri Poupart-Lafarge has provided an update on the proposed merger of Siemens and Alstom.

Commenting on Alstom’s financial results for the first half of 2017/18, Henri, who will lead the new company, praised the French rail firm’s work, which is in line with its 2020 objectives to achieve five per cent growth each year.

After highlighting successes in developing its Coradia iLint, constructing factories in South Africa and India, and strong system sales support by the Dubai and Riyadh metros, he added that the Siemens Alstom merger brings together two players with “more unique customer value and operational potential.”


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Commenting on the current stage of the deal, Henri said: “At this stage discussions with employee representative bodies are ongoing and the deal implementation teams are operational.”

On September 26, 2017, Siemens and Alstom signed a memorandum of understanding to combine Siemens’ mobility business with Alstom.


Read more: GE confirms it’s looking to sell transportation business


 

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