Alstom to Submit Commitments to Complete Acquisition of Bombardier Transportation
Closing of the acquisition of Bombardier Transportation remains on track for the first half of 2021.
Following the notification of the transaction to the European Commission on June 11, Alstom has taken a further step toward closing of its planned acquisition of Bombardier Transportation.
After initial discussions with the European Commission, Alstom announced its intent, in coordination with Bombardier Transportation and the Caisse de depot et placement du Québec (CDPQ), to submit commitments to respond to the Commission's potential concerns.
The proposed commitments include:
A transfer of Bombardier Transportation’s contribution to the V300 ZEFIRO very high-speed train.
The divestment of the Alstom Coradia Polyvalent and the Reichshoffen production site in France.
The divestment of the Bombardier TALENT 3 platform and dedicated production facilities located within the Hennigsdorf site in Germany.
Providing access to certain interfaces and products for some of Bombardier Transportation’s Signaling On-Board Units and Train Control Management Systems (TCMS).
The contemplated commitments are subject to the European Commission’s approval. The divestitures will comply with all applicable social processes and consultations with employee representatives' bodies.
Closing of the acquisition of Bombardier Transportation remains on track for the first half of 2021.
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