Alstom to acquire Bombardier’s trains unit

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Alstom to acquire Bombardier’s trains unit

Aidan Gregory
February 18, 2020 03:30 PM
Bombardier_Transport_PA_575_375
The Bombardier Transport offices are seen in St-Bruno-de-Montarville, Que. on Monday, February 17, 2020. Bombardier Inc. says it has reached a US$8.2-billion deal to sell its rail business to French train giant Alstom SA. THE CANADIAN PRESS/Ryan Remiorz | Ryan Remiorz/The Canadian Press/PA Images

Alstom, the French maker of trains and railway equipment, has struck a €7.45bn deal to acquire Bombardier’s trains division and will partly finance the trade via a €2bn rights issue later this year or in early 2021.

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