Railways: Alstom plans to acquire Bombardier's rail division

Against the competitor from China: The French rail vehicle manufacturer Alstom wants to buy the rail division of the Canadian company Bombardier. The acquisition is intended to give Alstom an advantage over China Railway Rolling Stock Corporation (CRRC), the largest train manufacturer in the world.

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  1. Deutsche Rentenversicherung Bund, Berlin
  2. STAHLGRUBER GmbH, Poing near Munich

The two companies had signed a preliminary contract reports the US business newspaper Wall Street Journal citing sources with inside knowledge. According to this, Alstom should pay $ 7 billion for the Bombardier train division.

The transaction is expected to be announced earlier this week. The Canadian investment company Caisse de dépôt et placement, which owns almost a third of the Bombardier train division, has already approved the sale of its stake in Alstom, according to insiders. It should get a minority stake in the new company.

According to the Wall Street Journal, Bombardier is in crisis: the train division has production problems, the aircraft division is suffering from rising costs. In addition to the train sector, the company also plans to sell parts of the aviation division. With the sale of the train division, Bombardier could reduce a larger part of its debts.

Such a transaction is expected to be examined by the competition authorities in the European Union. In 2017, however, they prohibited Alstom's attempt to merge its train division with that of Siemens. At the end of last year, Siemens CEO Joe Kaeser announced that Siemens was still interested in merging with Alstom. Such a constellation is likely to have been resolved with the Bombardier takeover.

Alstom was most recently successful with its Coradia iLint local fuel cell train. The train traveled with passengers on board in April 2018 and has been in regular service between Cuxhaven and Buxtehude since September of the year. Various transport companies have ordered the fuel cell train for their non-electrified routes.

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