Transmashholding (TMH) and Lokoteh-Service, controlled by one shareholder, announced the merger of assets. The control in the new structure (79.4%) will be received by the companies of Iskandar Mahmudov, Andrei Bokarev, Dmitry Komissarov and Kirill Lipa, and the French Alstom package will drop to 20%.

Owners of 100% of Transmashholding JSC and 100% of Lokotekh-Service LLC (part of the Lokotech group) have pooled their assets, TMH reports. "The companies belonging to Iskandar Makhmudov, Andrei Bokarev, Dmitry Komissarov and Kirill Lipa received 79.4%" in the new structure, the report says, while Dmitry Komissarov and Kirill Lipa are controlling shareholders. TMX also says that the companies will remain legally independent, while Kirill Lipa (TMH) and Yury Degtyarev (Lokotech) will remain the directors.

It is assumed that due to the merger the new structure will become the "fourth largest in the world in terms of revenue by a group specializing in the creation, production and maintenance of rolling stock for rail transport." "At the end of 2017, the total revenue of the two groups of companies amounted to about 260 billion rubles. According to the forecast for 2018, it will reach more than 320 billion rubles.", TMH said.

The association TMH with Lokoteh will allow "to form a full-fledged supply of locomotive supplies for JSC Russian Railways under life-cycle contracts", as well as "to increase the export potential of the producer at the expense of the service". Shareholders and management of TMH also expect that the use of Lokotekh's data on the operation of the Russian fleet of locomotives will improve the competitiveness of new equipment.

TMX is the largest producer of locomotives, passenger cars, electric trains, subway cars, trams, diesel engines with assets in Russia and Kazakhstan. The main beneficiaries of the holding are its founders, co-owners of the UMMC Iskandar Mahmudov and Andrei Bokarev, as well as the Estonian Transgroup Invest AS. Transgroup was controlled by the vice-mayor of Moscow Maxim Lixutov. Now the company is managed by his ex-wife Tatyana Lixutova and co-founder of the enterprise Sergey Glinka. "Locotech-Service" is engaged in servicing the traction rolling stock. 12.5% ​​in the company belongs to TMH, 87.5% to Cyprus's Plentova Holdings Limited, which in February received preliminary consent from the FAS to acquire the rights to indirectly dispose of both this package and 56.8% of TMH.

French Alstom, which through the Netherlands's The Breakers Investments B. V. owned 33% of TMX, received 20% in the new structure. In 2017, Siemens and Alstom announced the merger of units in the field of railway engineering. Siemens said it would give Alstom rolling stock and signal equipment (Mobility) in exchange for a stake in the enlarged company of just over 50%. The joint company will be called Siemens Alstom. Its annual revenue will be about € 15.3 billion. The CEO of Alstom, Henri Poupar-Lafarge, will keep his post. The chairman of the board of directors will be appointed by Siemens.

At the end of April, the government commission on foreign investment in strategic industries approved the change of the foreign strategist at TMH. FAS head Igor Artemyev noted that "Siemens acquires shares of Alstom and replaces them as minority shareholders who have a blocking stake": "In the end, instead of Alstom, the German company will work with these plants."

In July, at an extraordinary meeting, Alstom shareholders approved the merger of the company with Siemens. It is expected that the deal will be closed in the first half of 2019.