Siemens A.G and Alstom S.A propose to combine Siemen's mobility business with Alstom

Acquirer(s)

  • Siemens A.G

Target(s)

  • Alstom S.A

Summary

Siemens and Alstom are proposing to combine Siemens' mobility business with Alstom.

In Australia, Siemens carries on business through its wholly owned subsidiary Siemens Ltd; and Alstom carries on business through its wholly-owned subsidiary Alstom Transport Australia Pty Limited.

Market inquiries

The ACCC has published a Statement of Issues outlining preliminary competition concerns in relation to the proposed merger.

The ACCC invites submissions on its Statement of Issues by 5pm on Thursday 20 September 2018.

Submissions and other queries regarding the ACCC's review may be e-mailed to mergers@accc.gov.au. In the subject line of the e-mail, please include the following "Submission re: Siemens/Alstom - attention Peter Turner-Kerr/Isabelle Arnaud".

For more details, please refer to the Statement of Issues.

Statement of issues

Document title Date

Timeline

DateEvent
19/04/2018ACCC commenced review under the Merger Process Guidelines.
09/05/2018Closing date for submissions from interested parties.
26/06/2018Former provisional decision date of 12 July 2018 delayed until 16 August 2018 to allow the ACCC time to consider additional information.
08/08/2018The merger parties requested that the ACCC delay the timeline to allow them to provide further information. The former provisional decision date of 16 August 2018 was suspended pending receipt of the further information.
28/08/2018The ACCC received further information from the parties.
06/09/2018ACCC published a Statement of Issues outlining preliminary competition concerns.
20/09/2018Closing date for submissions from interested parties in response to Statement of Issues.
16/11/2018Timeline suspended pending receipt of further information from merger parties and market participants. Former provisional decision date of 29 November 2018 delayed. An update with a new provisional decision date will be provided shortly.

Project staff

  • Isabelle Arnaud
  • Tim Byrne

Contact email