Bombardier Confirms Support for Commitments Announced by Alstom as Part of Bombardier Transportation Acquisition
MONTRÉAL, July 09, 2020 (GLOBE NEWSWIRE) — Bombardier (TSX: BBD.B) confirmed its support of the commitments announced by Alstom earlier today to address potential concerns raised by the European Commission in relation to Alstom’s acquisition of Bombardier Transportation, including the disposition of certain assets currently held by Bombardier Transportation. Commitments to be submitted to the European Commission include:
A transfer of Bombardier Transportation’s contribution to the V300 ZEFIRO very high-speed train platform;The divestment of the Alstom Coradia Polyvalent mainline train platform and the Reichshoffen production site in France;The divestment of the Bombardier TALENT 3 mainline train platform and dedicated production facilities located within the Hennigsdorf site in Germany; andProviding access to certain interfaces and products for some of Bombardier Transportation’s Signalling On-Board Units and Train Control Management Systems (TCMS).These proposed commitments are subject to the European Commission’s approval, and any disposition will be done in compliance with all required social processes and consultations with appropriate employee representative bodies. Bombardier also reaffirmed that the sale of Bombardier Transportation to Alstom remains on track to close in the first half of 2021.About Bombardier
With nearly 60,000 employees across two business segments, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.Headquartered in Montréal, Canada, Bombardier has production and engineering sites in over 25 countries across the segments of Aviation and Transportation. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2019, Bombardier posted revenues of $15.8 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.Notes to Editors
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