Noerr has advised Siemens on an agreement with Russian Machines Corporation in the establishment of a joint venture for the production and sale of subway cars.
The two companies will invest a total of EUR 160 million in the joint venture, which will be based in the Moscow region of Russia and employ up to 800 people. The joint venture expects to participate in the tender of the Moscow Metro, which is modernizing and planning the purchase of more than 2,000 cars.
Moscow Partner Bjorn Paulsen led the Noerr team advising Siemens on the transaction. Noerr Partner Hannes Lubitzsch and Lawyer Olga Mokhonko assisted.