European Commission clears Alstom’s acquisition of Bombardier Transportation
The European Commission has given its go-ahead to the acquisition of the rail business of Canadian engineering firm Bombardier by French train maker Alstom
Alstom and Bombardier welcome the European Commission’s (EC) decision for conditional clearance of the proposed acquisition of Bombardier Transportation by Alstom.
The Commission’s approval for the transaction is conditional on the proposed engagements that consist of:
- A transfer of Bombardier Transportation’s contribution to the V300 ZEFIRO very high-speed train and an offer of IP licence to Hitachi for the train co-developed by Hitachi and Bombardier Transportation for use in future very high-speed tenders in the UK
- The divestment of the Alstom Coradia Polyvalent and the Reichshoffen production site in France
- The divestment of the Bombardier TALENT 3 platform and dedicated production facilities located within the Hennigsdorf site in Germany
- Providing access to certain interfaces and products for some of Bombardier Transportation’s Signalling On-Board Units and Train Control Management Systems (TCMS)
The divestitures will comply with all applicable social processes and consultations with employee representatives’ bodies.
The transaction remains subject to further regulatory approvals in several other jurisdictions and customary closing conditions.
Closing of the acquisition is expected for the first half of 2021.
Alstom Chairman & CEO Henri Poupart-Lafarge said Bombardier Transportation would bring a ‘complementary geographical presence and industrial footprint in growing markets, as well as additional technological platforms’, while Bombardier Inc President & CEO Alain Bellemare said the sale of the Transportation division would enable it to focus on its business aircraft activities.
Headquartered in France, Alstom is present in over 60 countries and employs 38,900 people. It offers a complete range of equipment and services, from high-speed trains, metros, trams, and e-buses to integrated systems, customised services, infrastructure, signalling, and digital mobility solutions.
Bombardier Inc. is a Canadian multinational manufacturer of business jets and rail. It was also formerly a manufacturer of public transport, commercial jets and vehicles.