Alstom: strikes deal with Knorr-Bremse
(CercleFinance.com) - Alstom has announced that it has reached an agreement with Knorr-Bremse for the sale of its conventional signaling business in North America for a purchase price of approximately E630m.
The scope sold represented 2023/24 sales of about E300m. This transaction is part of the global action plan that Alstom announced on 15 November 2023, aimed at strengthening its leading position in the rail industry. Alstom will provide details of its plan to maintain a strong and sustainable investment grade rating and its E2bn deleveraging target at the annual results on 8 May 2024. This sale is a testament to the work of our North American signaling employees, who have built and grown this high-performing business over the past several years, management said. Alstom will continue to serve the North American signaling market in various segments, including with CBTC (Communications Based Train Control) and ETCS (European Train Control System) solutions. Copyright (c) 2024 CercleFinance.com. All rights reserved. |
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