Alstom has completed the purchase of Bombardier’s railway business for 4,400 million euros in cash, which represents an adjustment compared to the 5,500 million at which the company has finally been valued (). The difference between the amount disbursed and the amount agreed responds to a series of last-minute contractual adjustments for 1,100 million and the fact that Bombardier has closed the year 2020 with a negative cash, reports the manufacturer. The French company has issued rights and senior bonds for some 2,750 million between December and January to finance the operation.
Alstom has reiterated its intention to generate synergies of 400 million euros per year and has reported that it is going ahead with the , such as the sale of the factory that Alstom has in Reichshoffen and for which CAF showed interest in acquiring, among other plants. You must also share high-speed technology and signaling.
With the integration of Bombardier Transportation, which this week has appointed David Torres president of the business in Spain, Alstom creates a railway giant with which to “strengthen its leadership in the growing market for sustainable mobility,” explains the French firm in a statement.
“Transportation, essential for social and professional life but with a significant environmental impact, is at the center of this transition”
Thus, the actor was born with a combined order book of 71,100 million euros (41,200 million from Alstom and 29,900 million from Bombardier), a turnover of 15,700 million euros, a presence in 70 countries and a workforce made up of 75,000 workers ( 3,000 in Spain). The French multinational recalls that the railway sector and sustainable mobility have a great future despite the covid and they are convinced that a large part of the European reconstruction funds will be used to promote, digitize and transform the train, since it is the most sustainable transport and efficient.
“This is a unique moment for Alstom and for the mobility industry in general, with the creation of a new global leader focused on smart and sustainable mobility. Now, more than ever, the world must face a profound social and environmental transformation to respond to the challenges posed by urbanization, equal opportunities to economic development and climate change. Transport, essential for social and professional life but with a significant environmental impact, is at the heart of this transition,” said Henri Poupart-Lafarge, Chairman and CEO of Alstom.
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