Alstom and the Fonds Stratégique d’Investissement (Strategic Investment Fund), actively supported by the French ministry for Industrial Recovery, have positively concluded the negotiations conducted with Lohr Industrie for the acquisition of its tire-based tramway manufacture activity Translohr.
Alstom (51%) and FSI (49%) will acquire 100% of this business for approximately $43 million.
The agreement preserves the future of this activity in Alsace (France), the related jobs, the execution of on-going projects — in particular for RATP, which has also contributed to make this agreement possible, and STIF1— and the development of Translohr’s technology and business prospects thanks to Alstom’s global support.
The agreement will be finalized after completion of legal procedures, information processes and approval of the competent authorities.