[060820.EN.BIZ] EU Commission Clears Alstom's Takeover of Bombardier Transportation

CANADIAN plane and train maker Bombardier and French Alstom train maker have welcomed the European Commission's decision to accept the acquisition of Bombardier Transportation by Alstom, reports the American Journal of Transportation,

The commission's approval for the transaction is conditional on certain proposed engagements that consist of:

A transfer of Bombardier Transportation's contribution to the V300 ZEFIRO very high-speed train and an offer of IP licence to Hitachi for the train co-developed by Hitachi and Bombardier Transportation for use in future very high-speed tenders in the UK;

The divestment of the Alstom Coradia Polyvalent and the Reichshoffen production site in France;

The divestment of the Bombardier TALENT 3 platform and dedicated production facilities located within the Hennigsdorf site in Germany;

Providing access to certain interfaces and products for some of Bombardier Transportation's Signalling On-Board Units and Train Control Management Systems (TCMS).

The divestitures will be done in compliance with all applicable social processes and consultations with employee representatives' bodies. The transaction remains subject to further regulatory approvals in several other jurisdictions and customary closing conditions. The closing of the transaction is expected for the first half of 2021.

Source : HKSG / Photo : Urban Transport News.