Alstom to acquire Bombardier’s trains unit

By Aidan Gregory
18 Feb 2020

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.

The tie-up with Bombardier comes a year after Alstom’s proposed merger with Siemens’ rail division was blocked by the European Commission because of antitrust concerns.

Alstom’s merger with Bombardier Transportation will create the second largest railway equipment company in the world after China’s CCRC, with revenues of €15.5bn ...

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