MONTREAL—The merger between European railway manufacturers hasn’t ended with Alstom and Siemens, and could eventually see other players such as Bombardier joining the fold, France’s finance minister said Wednesday.
Testifying before France’s economic affairs committee, Bruno Le Maire described the Franco-German railway merger as inevitable as the industry consolidates in an attempt to compete with Chinese state-owned CRRC.
Pressed by the committee, Le Maire opened the door to Siemens-Alstom integrating with other players present in Europe.
“I am convinced that this consolidation will integrate, at the appropriate time, Bombardier (Transportation) and the Spanish manufacturer (CAF),” he said.
“My belief is that we will have an industrial overhaul in all sectors that will be much faster than we think.”
The minister agreed, however, that this could raise “competition” issues since Berlin-based Bombardier Transportation has large operations in Germany and France.