▁and ▁M its ub ishi ▁He avy ▁Indust ries ▁announced ▁their ▁formation ▁of ▁joint ▁vent ures ▁to ▁bid ▁for ▁Al st om ' s ▁trouble d ▁energy ▁and ▁transport ation ▁business es ▁( in ▁locomot ives , ▁steam ▁tur b ines , ▁and ▁aircraft ▁engines ). ▁A ▁rival ▁bid ▁by ▁General ▁Electric ▁( GE ) ▁has ▁been ▁critic ized ▁by ▁French ▁government ▁sources , ▁who ▁consider ▁Al st om ' s ▁operations ▁as ▁a ▁" v ital ▁national ▁interest " ▁at ▁a ▁moment ▁when ▁the ▁French ▁un emp loyment ▁level ▁stands ▁above ▁ 1 0 % ▁and ▁some ▁vot ers ▁are ▁turning ▁towards ▁the ▁far - right . ▁ ▁In ▁ 2 0 1 5 , ▁S iem ens ▁acquired ▁U . S . ▁oil field ▁equipment ▁mak er ▁D ress er - R and ▁Group ▁Inc ▁for ▁$ 7 . 6 ▁billion . ▁ ▁In ▁November ▁ 2 0 1 6 , ▁S iem ens ▁acquired ▁E DA ▁company ▁M ent or ▁Graphics ▁for ▁$ 4 . 5 ▁billion . ▁ ▁In ▁November ▁ 2 0 1 7 , ▁the ▁U . S . ▁Department ▁of ▁Justice ▁charged ▁three ▁Chinese ▁employees ▁of ▁Gu ang z hou ▁Bo ▁Yu ▁Information ▁Technology ▁Company ▁Limited ▁with ▁hack ing ▁into ▁corpor ate ▁entities , ▁including ▁S iem ens ▁AG . ▁ ▁In ▁December ▁ 2 0 1 7 , ▁S iem ens ▁acquired ▁the ▁medical ▁technology ▁company ▁Fast ▁Track ▁Di agnostics ▁for ▁an ▁und is closed ▁amount . ▁ ▁In ▁August ▁ 2 0 1 8