Alstom signed a purchase agreement for the acquisition of Nomad Holdings, commercially known as Nomad Digital, from Amadeus Capital Partners, SEB Venture Capital, and Deutsche Telekom Strategic Investments together with other investors.
Nomad, provider of passenger and fleet connectivity solutions to the rail industry, employs around 230 people and is headquartered in Newcastle, United Kingdom, with 13 offices worldwide, principally in the UK, Netherlands, Germany, Portugal, Canada, Australia, and the U.S.
Nomad Digital offers a broad portfolio of applications and ICT solutions to train operators that both enhances the passenger experience, while improving the operational efficiency, reliability and availability of their fleets.
Alstom and Nomad share a vision to make the "digital train" a reality, and Alstom’s heritage and pedigree in train manufacturing enables Nomad to accelerate the delivery of that vision. Nomad brings complementary leading edge products and solutions, and with a strong global customer footprint, will help accelerate Alstom’s own development of the Digital Train, according to a statement.
The transaction is forecast to complete in early-January 2017, at which time Nomad Holdings Ltd. will become a wholly-owned subsidiary of Alstom, and will be reported within Alstom Digital Mobility. Alstom will begin integrating Nomad Digital into its own group from that time onwards, while ensuring that Nomad Holdings operates as a wholly-owned subsidiary, retaining its well-known brand, and independent identity. Financial terms of the deal were not disclosed.