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

NJ TRANSIT to restore rail services by May 12

The new date is nearly two weeks ahead of the agency’s target date.

NHTSA, FRA launch rail crossing safety campaign

In 2018 alone, 270 people were killed at railroad crossings.

San Diego MTS unveils 5000-series Siemens Trolley cars

The new vehicles represent the third generation of modern, low-floor vehicles, which have been in operation since 2005.

Metra adds state funding for 2 new rail stations

The two stations have been planned for years, however, funding was first held up in the state’s budget woes and then cut in 2017.

Report suggests Cleveland should replace entire rail fleet by 2028

While both fleets have had some level of mid-life rehabilitation, each fleet is exceeding the acceptable 30-year useful life for railcars.

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 number 1 resource for vocational truck fleets

Schoolbus Fleet

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

LCT Magazine

Global Resource For Limousine and Bus Transportation