FRANKFURT — Siemens and Alstom have agreed to merge their rail businesses, creating a bigger second player to China's CRRC, with sales of 15.3 billion euros ($18 billion). Below are details of previous deals, and how Siemens and Alstom stack up together and against the competition. PREVIOUS DEALS:2013- Siemens bought Britain's Invensys Rail Group for 1.7 billion pounds ($2.3 billion). Siemens becomes global number 2. 2015 - Alstom bought the signaling unit of U.S. conglomerate General Electric for 700 million euros.

Source: New York Times September 27, 2017 17:03 UTC