CORRECTION: Alstom sells ownership of trains to Spanish CAF
Rails in the track bed (symbolic image). © pixabay.com
(Headline and lead sentence have been corrected and the 2nd paragraph added to further details of the sale. This makes it clear that only property rights are affected.)
PARIS / HENNIGSDORF (dpa-AFX) – The French rail technology group Alstom
As Alstom spokesman Stefan Brauße said, no parts of the factory or production halls in Hennigsdorf would be sold. “Nobody in production in Hennigsdorf is affected.” Only up to 25 engineers would switch to CAF. The last contracts for Talent 3 trains from the Bombardier takeover would be processed at the Alstom plant in Bautzen. Production of these trains has already been completed in Hennigsdorf. Various other train models are in production in Hennigsdorf.
In addition to investments in France, CAF also announced increased activities on the German market. The planned takeover is subject to the conclusion of social agreements, consultations with employee representatives and official approvals. The acquisition is expected to close between April and September 2022.
Alstom had completed the billion dollar takeover of Bombardier at the end of January and wants to stand up to the Chinese world market leader CRRC. Around two years ago there was an initially planned merger between Alstom and the train division of Siemens (Siemens share)
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