3/30/2023 0 Comments Bombardier transportationWith demand for high-efficiency, low-carbon transit from cities set to grow, Alstom is predicting the market for rail and rail systems will expand three to five per cent annually until 2025. Caisse remains a major shareholder, having negotiated a cash and share swap that will see it take a stake of about 18 per cent in Alstom.īombardier's transportation division was already in a partnership with Alstom to make the Montreal Metro system's new Azur cars. Poupart-Lafarge pledged a "turnaround" at Bombardier Transportation that would deliver value to customers and further develop its operations in Quebec. "I'm very proud to announce the acquisition of Bombardier Transportation, which is a unique opportunity to strengthen our global position on the booming mobility market," Henri Poupart-Lafarge, chairman and CEO of Alstom, said in a news release.Īlstom gains a bigger footprint in the North American market, as well as eastern Europe and Mexico, and hopes to fend off rivals such as China's state-owned CRRC, the world's largest train maker. On Monday, Alstom announced it had secured a deal with Bombardier and major shareholder Caisse de dépôt et placement du Québec to acquire Bombardier Transportation for a price of 5.8 to 6.2 billion euros ($8.4-$9 billion Cdn) in stock and cash. has sold its rail-building unit to French train giant Alstom SA, marking its exit from the rail business. Headquartered in Berlin, Germany, Bombardier Transportation employs around 40,650 people and its products and services operate in over 60 countries.Bombardier Inc. Combining technology and performance with empathy, Bombardier Transportation continuously breaks new ground in sustainable mobility by providing integrated solutions that create substantial benefits for operators, passengers and the environment. It covers the full spectrum of solutions, ranging from trains to sub-systems and signalling to complete turnkey transport systems, e-mobility technology and data-driven maintenance services. Further information is available at: About Bombardier Transportationīombardier Transportation is a global mobility solution provider leading the way with the rail industry’s broadest portfolio. In fiscal year 2018, which ended on September 30, 2018, the former Siemens Mobility Division posted revenue of €8.8 billion and had around 28,400 employees worldwide. With digitalization, Siemens Mobility is enabling mobility operators worldwide to make infrastructure intelligent, increase value sustainably over the entire lifecycle, enhance passenger experience and guarantee availability. As a leader in transport solutions for more than 160 years, Siemens Mobility is constantly innovating its portfolio in its core areas of rolling stock, rail automation and electrification, turnkey systems, intelligent traffic systems as well as related services. Siemens Mobility is a separately managed company of Siemens AG.
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