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In February 2020, Alstom agreed to buy the Bombardier Transportation division and signed a memorandum of understanding to do so, for between €5.8 billion and €6.2 billion. The deal required approval by Alstom shareholders at a meeting held in October 2020, as well as approval by European regulators.
In addition, Bombardier has produced many custom metro models not based on either model. Airtrain JFK: INNOVIA ART 200 (ART Mark II) Ankara Metro: Modified H-6; BART: 775-car "Fleet of the Future"; contract for 410 cars (Type D and E cars) awarded May 2012 [1] [2] Beijing Subway: INNOVIA ART 200 (ART Mark II) cars for the Airport Express line
The Wall Street Journal, which first reported the news, said Alstom is expected to buy the business using mostly cash and some stock. Quebec pension giant Caisse de dépôt et placement, which ...
270 3-car C20 Movia sets (810 cars) originally built by Kalmar Verkstad and Adtranz (later acquired by Bombardier), as well as one 3-car C20F Movia set built by Bombardier with "FICAS" technology. 96 4-car C30 Movia sets (384 cars) have been ordered to be used as 48 full-length trains on the Red line. The first units were delivered in mid-2018 ...
PARIS/MONTREAL (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 ...
In February, the French TGV high-speed train maker Alstom agreed to buy the rail division of Bombardier for up to 6.2 billion euros ($6.7 billion) in a cash-and-shares deal aimed at creating the ...
] Later coaches were manufactured by Urban Transportation Development Corporation/Can-Car and, most recently, Bombardier. Alstom purchased Bombardier in 2021 and now owns the designs and manufacturing facility. There are more than 1,500 BiLevel coaches in service today, all of which have been built in Thunder Bay, Ontario.
Alstom's bid in February of up to 6.2 billion euros ($7 billion) for Montreal-based Bombardier's rail business has faced scrutiny from EU antitrust authorities, which have been expected to demand ...