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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.
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 ...
PARIS/MONTREAL (Reuters) - Shares of Alstom SA and Bombardier Inc fell on Tuesday after the French firm agreed to buy its Canadian rival's rail division for up to 6.2 billion euros ($6.7 billion ...
The Dandenong rolling stock factory was built by Commonwealth Engineering opening in 1954. [1] [2] In 1990, the plant was sold to ABB.[3] [4] It was included in the 1996 merger of ABB and the Daimler-Benz rail division, as Adtranz, [5] the 2000 takeover of Adtranz by Bombardier, [6] and the 2021 takeover of Bombardier by Alstom.
Via the sale of Bombardier Transportation to Alstom in January 2021 the plant became part of Alstom UK & Ireland. [ citation needed ] At its height, Crewe Works employed between 7,000 and 8,000 people; in 2005 fewer than 1,000 remained on site, with a further 270 redundancies announced in November of that year and more cutbacks or even closure ...
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 ...
The Alstom Movia (introduced as the Adtranz Movia and later sold as the Bombardier Movia) is a family of metro train cars designed by Adtranz and later built by Bombardier Transportation and Alstom. The structure and body shell are fully customisable for the needs of each system that orders it.