posted on 9th Jul 2020 10:11
On 9 July 2020 Alstom announced that following the notification of the transaction to the European Commission on 11 June 2020, it has taken a further step towards 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:
- transfer of Bombardier Transportation’s contribution to the V300 ZEFIRO very high-speed train. In other words, the V300 Zefiro trains are produced/proposed by Bombardier jointly with Hitachi, the latter being since 2015 an owner of earlier AnsaldoBreda works in Italy. Therefore the Bombardier’s part in these activities (one of these being for example an offer for the new HS2 high speed trains) will be offered to a buyer.
- divestment of the Alstom Coradia Polyvalent platform and the Reichshoffen works (thus in the Alstom single-deck EMU family will remain the more international Coradia Stream, Coradia Continental and Coradia Nordic types),
- divestment of the Bombardier TALENT 3 platform and dedicated production facilities located at the Hennigsdorf works,
- providing access to certain interfaces and products for some of Bombardier Transportation’s Signalling 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.