Alstom Finalizes Sale of North American Signalling Business
Alstom Completes Sale of North American Signalling Business
Alstom has officially completed the sale of its North American conventional signalling business to Knorr-Bremse AG for approximately USD 690 million. This strategic move is part of the company’s significant effort to enhance its financial standing through a dedicated €2 billion deleveraging plan.
A Successful Transition
The closing of this sale marks a pivotal moment in Alstom’s growth strategy, following a binding agreement that was executed earlier in 2024. This divestiture was a crucial component of a broader action plan that Alstom unveiled, aiming to stabilize its financial health and support an Investment Grade rating.
Commitment to North American Market
Despite the sale, Alstom is committed to maintaining its presence in the North American signalling market. The company will continue to provide advanced solutions, particularly through communications-based train control (CBTC) and European train control systems (ETCS). This ongoing commitment signifies Alstom’s resilience and adaptability in a rapidly changing transportation landscape.
A Legacy of Innovation
With a rich history that spans over 170 years, Alstom has established itself as a mobility technology leader in the region. The company is dedicated to transferring technology and localizing manufacturing processes, creating sustainable and innovative engineering jobs across North America. Alstom’s extensive portfolio includes high-speed trains, trams, metros, and a wide range of services that cater to a diverse clientele including major transit authorities and rail systems.
Strengthening Financial Performance
As an outcome of this transaction, Alstom reinforces its focus on enhancing financial performance and operational efficiency. With the successful execution of its deleveraging strategy, the company has stabilized its ratings and is positioned to invest further in innovative mobility solutions that are environmentally friendly and technologically advanced.
Expert Guidance
For the execution of this sale, Alstom collaborated with a team of trusted advisors, including Crédit Agricole CIB as financial advisor, White & Case LLP as legal counsel, and Cleary Gottlieb Steen & Hamilton LLP as specialists in antitrust matters. Their expertise ensured a smooth transition and compliance with industry regulations.
About Alstom
Alstom is on a mission to promote a low-carbon future by developing innovative and sustainable transportation options. From trains to signaling and digital mobility, Alstom offers a comprehensive range of solutions catering to diverse customer needs across 64 countries. The company employs over 84,700 individuals and generated significant revenues in the previous fiscal year.
Frequently Asked Questions
What is the significance of Alstom's recent sale?
The sale enhances Alstom's financial stability as part of a strategic €2 billion deleveraging plan.
Which company acquired Alstom's signalling business?
Knorr-Bremse AG acquired Alstom's North American conventional signalling business.
What will Alstom focus on in the North American market after the sale?
Alstom will continue to offer advanced signaling solutions, including CBTC and ETCS.
How long has Alstom been operational in North America?
Alstom has a legacy of over 170 years in North America, contributing to various transportation projects.
What is Alstom's commitment to sustainability?
Alstom aims to support a low-carbon future by developing innovative transport solutions that are both sustainable and technologically advanced.
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