Alstom has announded that it has signed a sale agreement with Bombardier Inc and Caisse de dépôt et placement du Québec (CDPQ) over the purchase of Bombardier Transportation.
The agreement terms have been changed regarding the current situation and due to this, an approx £273m (€300m) reduction in the price range has now been agreed with Bombardier Inc.
This reduction in price, therefore, means that the acquisition of Bombardier will now cost Alstom in the range of €5.5bn to €5.9bn (approx £5bn – £5.4bn).
In the UK, Alstom takes care of Avanti West Coast Class 390 Pendolinos amongst other projects, whilst Bombardier has a major train manufacturing plant in Derby.
Henri Poupart-Lafarge Chairman and CEO of Alstom 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 growth 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.”
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