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Trillium will become Optibus’ Global Center for Data Excellence and operate as an Optibus subsidiary.
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The acquisition brings together world class technology solutions to fully support the transportation community in multimodal planning, scheduling, and operating on-demand and fixed route transit, paratransit, and school buses.
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The transaction reinforces Alstom’s position in the North American signaling market by combining the companies’ advanced technology products and engineering capabilities to the benefit of transit agencies and operators across the U.S. and Canada.
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The transaction represents an enterprise value of $1.6 billion for Proterra.
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Following positive progress on antitrust regulation process, the closing of the transaction is now expected for Q1 2021, subject to regulatory approvals and customary closing conditions, with an extraordinary shareholders’ meeting to be held in October.
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Closing of the acquisition of Bombardier Transportation remains on track for the first half of 2021.
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Through the acquisition the company will add Champion Bus, Federal Coach, World Trans, Krystal Coach, ElDorado, and Goshen Coach.
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By working together as part of Intel and Mobileye, Moovit will advance the company’s MaaS strategy and the global adoption of autonomous transportation.
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The agreement would create the world's No. 2 train manufacturer and better take on China's CCRC Corp.
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