Siemens CEO says picked Alstom for financial strength, CEO

From Staff, Reuters; September 27, 2017

FRANKFURT (Reuters) – German industrial group Siemens chose France’s Alstom over Canada’s Bombardier for a rail joint venture because of its sound finances and its management team, Siemens Chief Executive Joe Kaeser said on Wednesday.

“I must say I‘m really glad to have won him over,” Kaeser said of Alstom CEO Henri Poupart-Lafarge, who will lead the new business, helping to counter criticism that France is giving up control of another national industrial icon.

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