The Zugsparten of Siemens and the French company Alstom’t want to come, contrary to the EU-Commission for their planned merger, apparently. There would be no further concessions, it was said from the group’s circles. Siemens wants to wait for the decision from Brussels.
the Deal, which would create the second-largest railway technology company in the world, questioning – because competition authorities see the project is extremely critical. In the environment of the companies expressed skepticism that the Commission of the merger is convinced.
The authority is afraid of the competition within the EU, if the manufacturer of the high-speed trains TGV and ICE together – both in the trains as well as signalling technology. Therefore, it requires that the competitors assign parts of these areas of business to competitors.
With the merger of Siemens and Alstom wanted to go out to meet the now world’s largest train manufacturer CRRC from China at an early stage something. They fear that China could be involved in the next tender shaft for high-speed trains in Europe in around five years already. The German and French government support for the project.
concessions in signal technology
To the EU to convince the Commission, have made the companies concessions: Siemens has offered, according to their own information businesses, especially in the area of signalling, which have a volume of around four per cent of the turnover of the new company – that is, about 600 million euros. In the case of the signal technology, the competition in Europe is considered to be comparatively weak.
For the competition authorities of the United Kingdom, Spain, the Netherlands, Belgium and Germany but that is not sufficient. They spoke out in letters to the EU Commission against the project.
point of contention, high-speed technology
disagreements between the corporations and the authorities in the EU, there are apparently especially in the case of the high-speed technology: the EU should have-in the Commission in the area of speeds of 250 kilometers per hour concessions. Siemens have agreed to then a technology Transfer of its older Velaro technology to the competition, the ICE 3 is based.
The Commission called for, therefore, but also that the competition is allowed to access for ten years to newer Zugplattformen. At this time Siemens/Alstom would have allowed this technique does not use to long for the company, as it was now called. You went with your own concessions already “pretty close to the edge”. Of the objections in the field of high-speed technology, the company had been surprised. The competition is here given, in the face of multiple competitors to a large extent.
France: a rejection of the merger of economic error”
“Now the EU Commission as previously set to 18. February to decide whether to agree to the merger. Competition Commissioner Margrethe Vestager is the opposite of the projects to be critical and in the case of lead, at the end of the 28 EU decide, however, commissioners. A debate among them, to be referred to the Economics Commissioner, Pierre Moscovici, last Tuesday, as “honest, open discussion”. “We want to pull up the developments of the economy of tomorrow. We are not naive,” said the French socialist.
meanwhile, the French government pressure in favour of the merger as well as the German clearly. “A rejection of the EU-Commission would be an economic mistake and a political mistake,” said government spokesman Benjamin Griveaux after a Cabinet meeting in Paris. If the Deal fail in Europe, it would be a “bad Signal” for the people in Europe.