ALSTOM SA: European Commission clears Alstom’s acquisition of Bombardier Transportation
31 Juillet 2020 - 3:36PM
ALSTOM SA: European Commission clears Alstom’s acquisition of
Bombardier Transportation
European Commission clears Alstom’s
acquisition
of Bombardier Transportation
31 July 2020 – 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.
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About Alstom |
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Leading the way to greener and smarter mobility worldwide, Alstom
develops and markets integrated systems that provide the
sustainable foundations for the future of transportation. Alstom
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. Alstom recorded sales of €8.2 billion and booked orders
of €9.9 billion in the 2019/20 fiscal year. Headquartered in
France, Alstom is present in over 60 countries and employs 38,900
people. |
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Contacts |
Press: Samuel MILLER - Tel.: +33 (1) 57 06 67
74Samuel.miller@alstomgroup.com Coralie COLLET - Tel.: +33 (1) 57
06 18 81coralie.collet@alstomgroup.com Investor
relations:Julie MOREL - Tel.: +33 (6) 67 61 88
58Julie.morel@alstomgroup.comClaire LEPELLETIER – Tel.: +33
(6) 76 64 33 06claire.lepelletier@alstomgroup.com |
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