FRANKFURT, Sept 27 (Reuters) - Siemens and Alstom have agreed to merge their rail businesses, creating a bigger second player to China’s CRRC, with sales of 15.3 billion euros ($18 billion).
The move is the latest in a wave of rail industry consolidation in the past few years.
Below are details of previous deals, and how Siemens and Alstom stack up together and against the competition.
2013- Siemens bought Britain’s Invensys Rail Group for 1.7 billion pounds ($2.3 billion). Siemens becomes global number 2.
2015 - Alstom bought the signalling unit of U.S. conglomerate General Electric for 700 million euros. Alstom is becomes global number 3.
2015 - China’s state-owned CNR and CSR merged to create CRRC, the world’s biggest manufacturer of rolling stock.
2015 - Japan’s Hitachi bought Ansaldo STS & Breda from Italy’s Finnmeccanica for about 800 million euros. Hitachi Rail is now the world’s sixth-biggest rail company.
2016 - Switzerland’s Stadler Rail bought the Valencia-based Rail Vehicles from Germany’s Vossloh for about 48 million euros. Stadler is now the world number 10.
2016 - U.S.-based Wabtec bought a majority in French railway systems and services provider Faiveley in a deal that will total about $1.7 billion. Wabtec is now global number nine.
ORDER BACKLOG - Siemens 26.4 billion euros; Alstom 34.8 billion; total 61.2 billion euros.
LAST FISCAL YEAR ORDERS - Siemens 8 billion euros; Alstom 10 billion; total 18 billion euros.
REVENUE - Siemens 8 billion euros; Alstom 7.3 billion; total 15.3 billion euros.
ADJUSTED EBIT - Siemens 800 million euros, margin 10.1 percent; Alstom 400 million euros, margin 5.8 percent; total 1.2 billion euros, margin 8 percent.
EUROPE - Alstom 20,700; Siemens 22,700; total 43,400
AMERICAS - Alstom 5,200; Siemens 2,500; total 7,700
ASIA PACIFIC - Alstom 4,000; Siemens 3,500; total 7,500
MIDDLE EAST AND AFRICA - Alstom 2,900; Siemens 800; total 3,700
WORLD - Siemens 29,500; Alstom 32,800; total 62,300
($1 = 0.8526 euros) ($1 = 0.7464 pounds)
Reporting by Georgina Prodhan. Editing by Jane Merriman