Entertainment Alstom buys Bombardier Transportation for seven billion euros

Alstom buys Bombardier Transportation for seven billion euros

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Alstom headquarters

The merger with the train division of Siemens had recently failed.

(Photo: AP)

Dusseldorf The French railway technology manufacturer Alstom, according to information from industrial circles, buys Bombardier’s entire railway business. The transaction is expected to be announced on Thursday morning.

Alstom will take over the Canadians’ global rail business for seven billion euros, with its headquarters in Berlin. This creates a new large railway technology group with a turnover of around 15 billion euros. Alstom had failed just a year ago due to concerns from the European Competition Commission trying to merge with Siemens Mobility.

Neither Bombardier nor Alstom wanted to comment on it. A bombardier spokesman said only on request that market rumors were not commented on. Most recently, it was said that the Japanese train maker Hitachi was interested in Bombardier. Bombardier had also had discussions with Siemens years ago.

There is not much left of Bombardier, who want to announce their annual results on Tuesday. The Canadian company is still active in aircraft construction, but has great difficulties and has already partially sold its newly developed C-Series to Airbus. Airbus, according to the sources, now wants to sell the remaining shares in the aircraft family, which is now marketed under A220.

Bombardier already had to use state aid. The Canadian state is indirectly involved in both the transportation division and the C series. It is open whether this participation will be held.

More: The Vice President of the EU Commission on the demands for a reform of competition law

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