According to a report by foreign media on September 27, on the 26th of this month, German industrial group Siemens and French competitor Alstom have agreed to merge their railway operations in an attempt to create a European-class enterprise. To better withstand the rapid international development of Chinese state-owned China National Vehicle Corporation. Siemens will own 50% of the shares in the joint venture company. The chief executive will be from Alstom and the non-executive chairman will be appointed by Siemens. The income of the two companies totaled 15.3 billion euros (about 119.1 billion yuan), and the pre- and pre-tax profit was 1.2 billion euros (about 9.3 billion yuan). And the combined transportation business will surpass the iconic TGV high-speed trains in France and the ICE high-speed trains in Germany, as well as signal and track technology. Although this framework agreement will be approved by shareholders and regulators of Alstom to take effect, this is a breakthrough in French and French President Mark Long. French Finance Minister Breno Leyere expressed support for the agreement because this move will create more job opportunities for France. Siemens CEO Joe Kaiser said: "The cooperation between France and Germany is in line with the requirements of the times. We have combined the concepts and technologies of the two companies. We are creating a long-term leader in the railway industry." Alstom’s Poupart-Lafarge also stated that “Today is Alstom’s historic day, because the cooperation between the two countries gives us the status of an integrated platform for the railway industry.†Both parties stated that their business is complementary to a large extent, Alstom's business scope is mainly in the Middle East, Africa, India and Central and South America; and Siemens has a vast market in China, the United States and Russia. Siemens will acquire newly issued shares of the merged company, which is equivalent to 50% of Alstom's share capital, and will eventually obtain another 2% of Alstom's shares. However, Siemens and Alstom stated in their statements that the agreement requires Siemens to hold no more than 50.5% of Alstom’s holdings within four years after completing the transaction. For France, this agreement is also at risk. The French opposition said that compared to France, the agreement is more conducive to Germany because they fear that France will lose control of the TGV high-speed train, a symbol of French national pride and engineering technology. Once problems arise, there will be Large numbers of employees are unemployed In the final analysis, the original intention of Siemens and Alstom to sign an agreement was to contain the development of CRRC in Europe. In the past year, China has won projects in the United Kingdom and the Czech Republic, and is paying attention to the "High Speed ​​2" project in the United Kingdom. China National Vehicles’ annual revenue is about 35 billion U.S. dollars (approximately 233.3 billion yuan), which greatly exceeds the sum of Siemens Mobile, Alstom and Bombardier Transportation. (Internship Compilation: Feng Ruifang Reviewer: Li Zongze) RAM/RFM Middle Frequency Water Cooled Capacitors RAM/RFM Middle frequency water cooled capacitors Water Cooled Capacitors,Medium Frequency Capacitor,Intermediate Frequency Capacitors YANGZHOU POSITIONING TECH CO., LTD. , https://www.cndingweitech.com