Rail

Alstom, partner to acquire French tram manufacturer

Posted on June 13, 2012

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.

View comments or post a comment on this story. (0 Comments)

More News

Former Santa Clara VTA chief hired to oversee Honolulu rail project

Michael Burns will be responsible for overseeing the rail project’s finances, as well as the functioning of the Honolulu Authority for Rapid Transportation board.

Alstom to extend Algeria's Constantine Tramway

Alstom, which will extend the tramway by 6 miles, will supply the integrated system, tracks, catenaries, telecommunications and signalling, substations and ticketing equipment.

$8.2B invested along 20 miles of Valley Metro light rail

Economic development within one-half mile of the system has been stimulated by ridership that has exceeded original projections. Valley Metro began compiling development activity since construction started in 2005 as part of an economic development database.

Alstom to deliver 17 trains to Algeria

The Coradia Polyvalent for Algeria is a dual-mode train (diesel and electric, 25 kV) able to travel at speeds up to 99 mph. The train has six carriages and provides capacity for 265 passengers.

Fla.'s TriRail adds bike car

The new bike car contains 14 racks that will provide more room to maneuver bicycles on and off the train. A set of seats were removed from the lower level of the vehicle to make room for the bike racks.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The resource for managers of class 1-7 truck Fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close