Alstom set to purchase Bombardier Transportation

Alstom set to purchase Bombardier Transportation

Alstom’s move to takeover Bombardier Transportation has progressed following the announcement that Alstom has signed the sale and purchase agreement with Bombardier Inc and Caisse de dépôt et placement du Québec (CDPQ).

Chairman and CEO of Alstom, Henri Poupart-Lafarge, said: “The acquisition of Bombardier Transportation represents a transformational change for Alstom. It will enable the Group to accelerate on its strategic roadmap and strengthen its leadership in the context of a dynamic market, at a time where sustainable transportation is at the heart of the global agenda.

“Bombardier Transportation will bring to Alstom complementary geographical presence to broaden Alstom’s commercial reach in key growing markets, strong product complementarities in rolling stock, strategic scale in services and signalling, industrial capacity in key countries, a leading portfolio offering and additional R&D capabilities to invest in green and smart innovation. Alstom will also welcome new talent and expertise, with the arrival of Bombardier Transportation employees.”

A €300m reduction in the price range is said to have been agreed with Bombardier Inc and CDPQ. Without any further downward adjustments linked to the net cash protection mechanism, the price range for the acquisition of 100 per cent of Bombardier Transportation shares will be therefore €5.5 to €5.9 billion.

Following positive progress on antitrust regulation process, the closing of the transaction is now expected for Q1 2021 subject to regulatory approvals and customary closing conditions, with an extraordinary shareholders’ meeting to be held on October 29th 2020.

Rail Technology Magazine latest edition Jun/Jul 22

RTM JUN/JUL 22

Elizabeth Line: Stations and Their Innovations

The anticipated June/July edition of RTM is now up and running, loaded with insights and analysis of upcoming rail projects, innovations and ambitions across the UK sector. We invite you to dive in to hear from the likes of Christian Irwin OBE, Rail Investment Centre of Excellence Director at Network Rail, as he outlines the developments within the SPEED project and Jackie Townsend, the Managing Director at Tram Operations Ltd, as she discusses innovative new technology to enhance safety standards and protocols within the industry. These are just a few of the great stories that we have to offer, so dig in and enjoy the informative fun. 

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