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In February, the French TGV high-speed train maker Alstom agreed to buy the rail division of Bombardier for up to 6.2 billion euros ($6.7 billion) in a cash-and-shares deal aimed at creating the ...
PARIS/MONTREAL (Reuters) - France's Alstom SA has agreed to buy the rail division of Canada's Bombardier Inc for up to 6.2 billion euros ($6.7 billion) to create the world's No. 2 train ...
Quebec pension giant Caisse de dépôt et placement, which owns a 32.5% stake in Bombardier's train unit, has agreed to sell its stake to Alstom and buy a minority stake in the combined train ...
In February 2020, Alstom agreed to buy the Bombardier Transportation division and signed a memorandum of understanding to do so, for between €5.8 billion and €6.2 billion. The deal required approval by Alstom shareholders at a meeting held in October 2020, as well as approval by European regulators.
The Dandenong rolling stock factory was built by Commonwealth Engineering opening in 1954. [1] [2] In 1990, the plant was sold to ABB.[3] [4] It was included in the 1996 merger of ABB and the Daimler-Benz rail division, as Adtranz, [5] the 2000 takeover of Adtranz by Bombardier, [6] and the 2021 takeover of Bombardier by Alstom.
[1] [2] The remaining 90 cars are in for repair, maintenance, or some type of planned modification work. [3] All trains on the separate automated guideway transit line are in regular use without spares. Alstom (originally Bombardier) is manufacturing a complete replacement of the mainline fleet. With the withdrawal and retirement of the older ...
Alstom's bid in February of up to 6.2 billion euros ($7 billion) for Montreal-based Bombardier's rail business has faced scrutiny from EU antitrust authorities, which have been expected to demand ...
During 2001, the works became part of Bombardier Transportation. After the closure of Alstom's Washwood Heath plant in 2005, Derby works became the only passenger rolling stock manufacturer in the UK. [1] [2] During mid-2011, Bombardier announced it was to cut 1,400 out of the 3,000 jobs at Derby. In November 2019, following the awarding of ...