Siemens AG 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 proposed 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.

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.
16/11/2018Former provisional decision date of 29 November 2018 delayed, pending receipt of further information from merger parties and market participants.
22/11/2018Information from merger parties referred to on 16 November 2018 received. New provisional decision date set for 31 January 2019.
23/01/2019Timeline suspended further pending receipt of further information from the merger parties. Former proposed decision date of 31 January 2019 delayed.
06/02/2019European Commission prohibited the proposed acquisition.
07/02/2019ACCC announced that it would discontinue its public review.