Alstom S.A.: Alstom completes the sale of its North American conventional signalling business
02 Settembre 2024 - 8:30AM
UK Regulatory
Alstom S.A.: Alstom completes the sale of its North American
conventional signalling business
- Alstom has sold its North American conventional signalling
business to Knorr-Bremse AG for a purchase price of approximately
USD 690 million1
- Closing of the sale completes the execution of the company’s
€2 billion deleveraging plan
- Alstom will continue to serve the North American signalling
market, with communication-based train control (CBTC) and European
train control systems (ETCS) solutions
September 2, 2024 – Alstom, global leader
in smart and sustainable mobility, announces today that it has
closed the sale of its North American conventional signalling
business to Knorr-Bremse AG, following the binding agreement signed
on 19 April 2024.
This divestiture was part of the comprehensive
company action plan that Alstom announced on 15 November 2023,
aiming at reinforcing its balance sheet. Alstom has delivered all
three components of that plan, and it results in the stabilisation
of its Investment Grade rating.
Alstom will continue to serve the North American
signalling market on different segments, notably with
Communications Based Train Control (CBTC) and European Train
Control System (ETCS) solutions.
Alstom is a mobility technology leader in the
U.S., with a history dating back more than 170 years. Alstom
transfers technology and localizes manufacturing to create new,
sustainable, high-tech engineering and industrial jobs across the
country to serve a growing list of customers that includes major
American cities, transit agencies, railroads, and airport transit
systems. Its history is steeped in its experience building and
repairing rail cars and locomotives, supplying signalling solutions
and turnkey transit systems, and providing a complete range of
customized services. To date, Alstom has delivered more than 12,000
new or renovated vehicles for U.S. customers and more than 50% of
signalling for North America’s railroads.
For this transaction, Alstom was accompanied by
Crédit Agricole CIB as financial advisor, White & Case LLP as
legal advisor, Cleary Gottlieb Steen & Hamilton LLP as
antitrust advisor, and Accuracy for financial due diligences.
Alstom™ is a protected trademark of the Alstom
Group.
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About Alstom |
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Alstom commits to contribute to a low carbon future by developing
and promoting innovative and sustainable transportation solutions
that people enjoy riding. From high-speed trains, metros,
monorails, trams, to turnkey systems, services, infrastructure,
signalling and digital mobility, Alstom offers its diverse
customers the broadest portfolio in the industry. With its presence
in 64 countries and a talent base of over 84,700 people from 184
nationalities, the company focuses its design, innovation, and
project management skills to where mobility solutions are needed
most. Listed in France, Alstom generated revenues of €17.6 billion
for the fiscal year ending on 31 March 2024.
For more information, please visit www.alstom.com.
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Contacts |
Press
Thomas ANTOINE (HQ) – Tel.: +33 (0)6 11 47 28 60
thomas.antoine@alstomgroup.com
Dani SIMONS (AMERICAS) – Tel.: + 1-646-856-3412
dani.simons@alstomgroup.com
Investor Relations
Martin VAUJOUR – Tel.: +33 (0)6 88 40 17 57
martin.vaujour@alstomgroup.com
Estelle MATURELL ANDINO – Tel.: +33 (0)6 71 37 47 56
estelle.maturell@alstomgroup.com
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1 Accounting treatment: the perimeter
sold will contribute to Alstom’s sales, adjusted EBIT and Free
Cash-Flow for the first 5 months of the FY 2024/25. The capital
gain will be accounted for as non-operating income below adjusted
EBIT in the first half P&L.
- 20240902_AME_conventional signalling EN (final)
Grafico Azioni Alstom (EU:ALO)
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Da Nov 2024 a Dic 2024
Grafico Azioni Alstom (EU:ALO)
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