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Alstom’s takeover of Bombardier’s Transportation division is now in the stage of getting the approval by the European Commission (EC). A European verdict is expected on 16.07.2020. Alstom has now published a list of amendments of which it thinks it will increase the chance of getting a green light by the EU. The list, however, has serious consequences for several rolling stock products:
First, why is Alstom doing this: In order to prevent a monopoly in segments of rolling stock markets, the EC can veto mergers and acquisitions of companies that would otherwise get a too dominant position. For example, it did so in 2019 when Alstom and Siemens Mobility wanted to create a joined company.
Alstom’s takeover of the Bombardier Transportation division might also raise some EU eyebrows on this topic. This is why Alstom is committing itself to some drastic changes to the product portfolio of the future company it wants to create. An overview:
Alstom’s Coradia Polyvalent: for sale
This product platform of EMUs and BMUs will be up for sale. The sale of the French manufacturing plant in Reichshoffen, near the German border, employing around 800 people, will be included in the diverstment.
Artist impression: Alstom
Bombardier’s Talent 3: for sale
The (third generation of) Talents will also not be a part of Alstom’s new portfolio if the takeover is approved. The Talent platform will be divested too, and so are the corresponding production lines in Hennigsdorf, Germany.
Bombardier’s V300 Zefiro: stopped
Bombardier’s stake in the Zefiro projects will be ‘transferred’. It concerns the high-speed train platform developed in cooperation of Hitachi in Italy (after their takeover of Ansaldo Breda) and the joined bid for UK’s High Speed 2 project.
Along with this, Bombardier will enable access to certain interfaces and products for onboard signaling units and train control management systems.
The European Commission will decide about the acquisition of 16.07.2020. If given green light, Alstom wants to close the acquisition deal in the first half of 2021. This would make the French company the second biggest rolling stock manufacturer in the world, after Chinese CRRC.
This article first appeared on railcolornews.com
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