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.

RTM Aug/Sept 20

RTM Aug/Sept 20

Becoming modern transport pioneers

Click here to read the Aug/Sept issue of RTM magazine, looking at bridging the gap between track and train, how the rail industry celebrated pride festival and an exclusive interview with Rail Minister Chris Heaton-Harris.

Videos...

View all videos
Competency Training Marketplace

Partner Content

Sopra Steria announces the launch of its online Competency Training Marketplace

A new digital platform Competency Training MarketplaceTM (CTM) has been launched this week specifically for the rail and construction industries. It connects businesses with the right training providers to keep their teams fully operational, compliant and safe.

TransCityRail

Collaborating to deliver a transformational railway

TransCityRail is a series of interactive and insightful events across the country bringing together leaders, collaborators, problem solvers and innovators in a creative and invigorating way.

This series of events supports and informs the whole of the rail industry and connects the supply chain with buyers, specifiers, leaders and decision-makers looking to procure a wide variety of innovative products and services

More articles...

View all