Bombadier has opened up on the sale of its rail unit to @Alstom.The company issued the statement attached. Please follow and like us:
….No China Deal on HS2-Minister Amidst growing concerns that foreign-made steel will be used to build HS2, industry groups and unions have insisted that British-made steel must be used to build the new high-speed rail. The project will require an estimated two million tons of steel to build everything from track to […]
Chinese researchers have developed an artificial intelligence (AI) maintenance system for key fittings of high-speed trains, which can greatly reduce risks of potential safety hazards, according to a report by Science and Technology Daily. The system, developed by the maintenance base in Fuzhou, capital of east China’s Fujian Province, is […]
-A step-change acquisition to address the ever-increasing demand for sustainable mobility-Excellent strategic rationale bringing to Alstom:– Strong commercial and product complementarities– Strengthened product lines and strategic industrial capacity– Leading portfolio offering and R&D capabilities-Acquisition price from €5.8bn to €6.2bn-CDPQ to become the largest shareholder of Alstom with c.18% of the capital Official […]
(Reuters) – France’s Alstom SA has agreed to buy the rail division of Canada’s Bombardier Inc for up to 6.2 billion euros ($6.7 billion) to create the world’s No. 2 train manufacturer and better take on Chinese leader CRRC Corp. The cash and shares deal, announced on Monday, is the […]