Bombardier rail division sold to Alstom.

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DutchRailnut
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Bombardier rail division sold to Alstom.

Post by DutchRailnut »

Bombardier is entirely selling its Transportation division to Alstom, as per https://www.fliegerfaust.com/bombardier ... 48156.html

The entire Bombardier railway business is to be in the hands of the French. The deal is scheduled to be officially made on Thursday.

Düsseldorf According to information from industrial circles, the French railway technology manufacturer Alstom buys the entire railway business from Bombardier . The transaction is expected to be announced on Thursday morning.

Alstom will take over the worldwide railway business of the Canadians, whose headquarters are in Berlin, for seven billion euros.

This creates a new large railway technology group with a turnover of around 15 billion euros. Alstom had failed just a year ago due to concerns from the European Competition Commission trying to merge with Siemens Mobility...

Read more https://www.handelsblatt.com/unternehme ... 41030.html
If Conductors are in charge, why are they promoted to be Engineer???

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eolesen
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Re: Bombardier rail division sold to Alstom.

Post by eolesen »

So... no more North American owned passenger railcar builders left.

Bombardier's aerospace division is also largely gone as of this month, with the remainder on life support.

Their turboprop business was sold last year to Viking Air/Longview Capital who stood it up as a standalone business resurrecting the De Havilland name (Bombardier bought DHC decades ago just as they bought up Hawker-Siddley in the rail space).

The CS200 business was spun off about two years ago into a joint venture now 75% owned by Airbus and 25% owned by Quebec, and the CRJ regional jet business was sold to Mitsubishi (closing this month).

It's apparently just a matter of negotiations before the Bombardier business jet product line is sold to Textron (who also owns Cessna and Bell Helicopter).

Such a sad fall from being one of the larger transportation heavy manufacturers...

tommyboy6181
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Re: Bombardier rail division sold to Alstom.

Post by tommyboy6181 »

both companies announced the acquisition today.

Alstom press release: https://www.alstom.com/press-releases-n ... -strategic
Bombardier press release: https://www.bombardier.com/en/media/new ... ercom.html
Last edited by John_Perkowski on Sat Feb 22, 2020 10:39 pm, edited 1 time in total.
Reason: Accuracy
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Backshophoss
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Re: Bombardier rail division sold to Alstom.

Post by Backshophoss »

Lets see how fast the EU objects!
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Backshophoss
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Re: Bombardier rail division sold to Alstom.

Post by Backshophoss »

IT will be awhile before the Alstrom says what stays or goes.
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DutchRailnut
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Re: Bombardier rail division sold to Alstom.

Post by DutchRailnut »

doubt Alstom will unload anything , just to be clear deal only involves Bombardier rail div , not anything else in company .
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Ranger762
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Re: Bombardier rail division sold to Alstom.

Post by Ranger762 »

I wonder where the railcars are going to be produced now. Romania? Slovakia? Because Western Europeans have been complaining about Alstom closing the factories in their countries, and now they're going to be closed in Canada as well...

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