Bloomberg: Siemens, Bombardier in talks to combine train operations

|About: Bombardier Inc.A (BDRAF)|By:, SA News Editor

Siemens (OTCPK:SIEGY +1.2%) and Bombardier (OTCQX:BDRAF, OTCQX:BDRBF) are in talks to combine their train operations, potentially valued at more than €10B ($10.6B), Bloomberg reports.

The proposed joint venture would merge the companies’ train-making and signalling activities, with a deal possible coming by the middle of the year, according to the report.

A combination would help the companies stave off pressure from Chinese competitors, which are expanding internationally and threatening market share.