Article: Siemens of Germany and Lagardere of France.(transportation joint venture to be located in Paris, France)(World Update)(Brief Article)

SIEMENS OF GERMANY AND LAGARDERE OF FRANCE have entered into an agreement to form a 50-50 joint venture headquartered in Paris and built around Lagardere's Matra Transport. Wolfram O. Martinsen, president of the Siemens Transportation Systems Group, said Matra "enriches our spectrum, particularly in the area of automated transit systems where it is a market leader." Frederic D. ...

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