Siemens CEO says rail partnerships possible alternative to M&A
Reuters
Published Jul 03, 2017 10:01AM ET
Siemens CEO says rail partnerships possible alternative to M&A
MUNICH (Reuters) - The chief executive of Siemens (DE:SIEGn) said partnerships on major rail contracts were a possible alternative to mergers, when asked about progress on reported talks for a rail tie-up with Canada's Bombardier (TO:BBDb).
"You can work together like that too, it doesn't always have to be a huge M&A issue," Joe Kaeser told journalists on the sidelines of an event on Monday, declining to comment directly on talks with Bombardier.
Sources had told Reuters in April that talks about uniting the rail operations of Siemens and Bombardier were being complicated by the desire of both companies to keep control of a merged business.
Kaeser said rail technology companies had to consider how to respond to fierce competition in the sector but said neither Siemens nor its peers were under immediate pressure to act.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.