|
|
| Alstom acquires Bombardiier (1558021) | |
 |
|
| Home > SubChat | |
[ Post a New Response | Return to the Index ]
|
| (1558021) | |
Alstom acquires Bombardiier |
|
|
Posted by TransitChuckG on Fri Sep 18 14:20:11 2020 INDUSTRY: Formal signing of the sale and purchase agreement for the acquisition of Bombardier Transportation from Bombardier Inc and Caisse de dépot et placement du Québec was announced by Alstom on September 16. Closing of the transaction is now expected in Q1 2021, subject to regulatory approvals and customary conditions. Bombardier Transportation Bautzen test centre (3) The terms have been ‘adapted to the current situation’, Alstom said. This includes a €300m reduction in the price range to €5·5bn to €5·9bn, excluding any further downward adjustments linked to the net cash protection mechanism. Alstom said it considered that the proceeds are likely to amount up to €5·3bn, compared to the €5·8bn to €6·2bn range announced on February 17 2020. The financing structure remains the same, and CDPQ would become the largest shareholder of Alstom with approximately 18% of the share capital and voting rights. Strong strategic rationale Alstom said it was ‘convinced of the strong strategic rationale for the acquisition’, adding that it has an objective to deliver €400m run rate cost synergies in year four to five and to restore Bombardier Transportation margin towards standard level in the medium term. The transaction is expected to be double-digit EPS accretive in year two post closing, and would preserve Alstom’s credit profile with a Baa2 rating. Transformational change ‘The acquisition of Bombardier Transportation represents a transformational change for Alstom’, said Chairman & CEO Henri Poupart-Lafarge. ‘It will enable the group to accelerate on its strategic roadmap and strengthen its leadership in the context of a dynamic market, at a time where sustainable transportation is at the heart of the global agenda. ‘Bombardier Transportation will bring to Alstom complementary geographical presence to broaden Alstom’s commercial reach in key growing markets, strong product complementarities in rolling stock, strategic scale in services and signalling, industrial capacity in key countries, a leading portfolio offering and additional R&D capabilities to invest in green and smart innovation. Alstom will also welcome new talent and expertise with the arrival of Bombardier Transportation employees.’ |
|
|
| (1558025) | |
Re: Alstom acquires Bombardier |
|
|
Posted by TransitChuckG on Fri Sep 18 14:50:18 2020, in response to Alstom acquires Bombardiier, posted by TransitChuckG on Fri Sep 18 14:20:11 2020. Fixed spelling in title. |
|
|
| (1558028) | |
Re: Alstom acquires Bombardiier |
|
|
Posted by randyo on Fri Sep 18 16:21:32 2020, in response to Alstom acquires Bombardiier, posted by TransitChuckG on Fri Sep 18 14:20:11 2020. Will that be an improvement over Bombardier’s recent poor performance? |
|
|
(Sponsored) |
iPhone 6 (4.7 Inch) Premium PU Leather Wallet Case - Red w/ Floral Interior - by Notch-It |
|
| (1558032) | |
Re: Alstom acquires Bombardiier |
|
|
Posted by Dutchrailnut on Fri Sep 18 17:56:45 2020, in response to Re: Alstom acquires Bombardiier, posted by randyo on Fri Sep 18 16:21:32 2020. recent ? Metro-North saw first hand the poor workmanship of center door Bombardiers and M-7a cars, short cuts everywhere like no lock washers or lock tight on screws and critical fasteners. |
|
|
| (1558034) | |
Re: Alstom acquires Bombardiier |
|
|
Posted by Jackson Park B Train on Fri Sep 18 18:27:36 2020, in response to Re: Alstom acquires Bombardiier, posted by Dutchrailnut on Fri Sep 18 17:56:45 2020. Write tighter specs. And, critically, MTA personnel on each assembly line watching like hawks. |
|
|
| (1558035) | |
Re: Alstom acquires Bombardiier |
|
|
Posted by Dutchrailnut on Fri Sep 18 19:34:32 2020, in response to Re: Alstom acquires Bombardiier, posted by Jackson Park B Train on Fri Sep 18 18:27:36 2020. specs were correct , but putting MN people at plant for quality control never got done , coming from cruise industry we had entire crews quality checking entire ships right from beginning .when you order 40 or so cars at 3 million each how much can it cost to put one or two QC people at plant in hotel . |
|
|
| (1558037) | |
Re: Alstom acquires Bombardiier |
|
|
Posted by pragmatist on Fri Sep 18 19:41:12 2020, in response to Re: Alstom acquires Bombardiier, posted by Dutchrailnut on Fri Sep 18 19:34:32 2020. It's not like they the have a Four Seasons Plattsburgh. I have a friend who owns a well know historic bar/restaurant up there, and every time I look at their menu compared to prices down here, I figure I'd cut my food bills by 30% |
|
|
| (1558042) | |
Re: Alstom acquires Bombardiier |
|
|
Posted by zac on Fri Sep 18 21:02:07 2020, in response to Re: Alstom acquires Bombardiier, posted by pragmatist on Fri Sep 18 19:41:12 2020. but you gotta be willing to live in frigid Plattsburgh. The weather up there is brutal. |
|
|
| (1558050) | |
Re: Alstom acquires Bombardiier |
|
|
Posted by Jackson Park B Train on Fri Sep 18 22:50:23 2020, in response to Re: Alstom acquires Bombardiier, posted by Dutchrailnut on Fri Sep 18 19:34:32 2020. either you trust the builder or you have your own QC crew. We know about trustiong them... |
|
|
| (1558128) | |
Re: Alstom acquires Bombardier |
|
|
Posted by Olog-hai on Sun Sep 20 14:13:01 2020, in response to Re: Alstom acquires Bombardiier, posted by Jackson Park B Train on Fri Sep 18 18:27:36 2020. LOL, what will that do? |
|
|
| (1558129) | |
Re: Alstom acquires Bombardier |
|
|
Posted by Olog-hai on Sun Sep 20 14:14:27 2020, in response to Alstom acquires Bombardiier, posted by TransitChuckG on Fri Sep 18 14:20:11 2020. I remember this happening. |
|
|
