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Bombardier in talks to Combine Rail Unit with Alstom

Infra News - Published on Mon, 27 Jan 2020

Image Source: Bombardier Alstom
Bloomberg, citing people familiar with the matter, reported that embattled Canadian train and plane maker Bombardier Inc is exploring a combination of its rail business with French rival Alstom SA. Sources said “The two companies have held preliminary talks about a rail deal in the past few months.”

A takeover of Bombardier’s rail business by Alstom would mark the latest attempt by some of the world’s biggest train makers to counter growing competition from China. Bombardier in 2017 held talks to combine its rail operations with competitor Siemens AG until the German company suddenly opted to pursue a deal with Alstom.

The European Union then in February 2019 blocked the Franco-German merger, which would have created a European rail champion, after regulators refused to cave in to warnings about the looming threat of Chinese competition.

While historically best known as a manufacturer of metro, commuter and regional trains, Bombardier has collaborated in high-speed projects including Alstom’s high-speed TGV.

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Posted By : Yogender Pancholi on Mon, 27 Jan 2020
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