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“My belief is that we will have an industrial overhaul in all sectors that will be much faster than we think.”
Bombardier and Quebec’s Caisse de depot, which owns 30 per cent of Bombardier Transportation, declined to comment on Le Maire’s comments.
The alliance between Siemens and Alstom announced last week would create a railway manufacturing giant with 62,300 employees in more than 30 countries. The Paris-headquartered company is expected to generate US$ 18 billion of annual revenues, twice as much as Bombardier’s railway division.
The merger could harm Bombardier Transportation — which was reportedly in talks with Siemens earlier this year — even though some analysts believe the company could continue to do well without a partner.
“I prefer to be in the position of Alstom allied with Siemens rather than being in that of Bombardier today.”