Deals
Siemens, Bombardier Said to Explore Two Rail Joint Ventures
- German, Canadian rivals progressing in talks for combination
- Ventures would be for rolling stock, signaling operations
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Siemens AG and Bombardier Inc. are exploring options including two rail joint ventures as part of their planned train-equipment tie up, according to people familiar with the matter.
The companies are making progress on one joint venture for their rolling stock operations, which would be controlled by Montreal-based Bombardier, and another for signaling, in which Siemens would have a majority, said the people, who asked not to be identified because the talks are private. A deal could be reached in the coming months, they said.