Alstom signs Memorandum of Understanding to acquire Bombardier Transportation

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February 19, 2020

Alstom announces on 17 Feb 2020 it has signed a Memorandum of Understanding with Bombardier Inc. and Caisse de dépôt et placement du Québec (“CDPQ”) in view of the acquisition of Bombardier Transportation. Post-transaction, Alstom will have a backlog of around €75bn and revenues around €15.5bn. The price for the acquisition of 100% of Bombardier Transportation shares will be €5.8bn to €6.2bn which will be paid via a mix of cash and new Alstom shares. CDPQ will reinvest c.€2bn corresponding to 100% of cash proceeds to be received from the sale of its stake in Bombardier Transportation and further invest €0.7bn in Alstom, outlining its strong belief in the strategic rationale and value creation potential of the combination.

“I’m very proud to announce the acquisition of Bombardier Transportation, which is a unique opportunity to strengthen our global position on the booming mobility market. This acquisition will improve our global reach and our ability to respond to the ever-increasing need for sustainable mobility. Bombardier Transportation will bring to Alstom complementary geographical presence and industrial footprint in growing markets, as well as additional technological platforms. It will significantly increase our innovation capabilities to lead smart and green innovation. We will be thrilled to welcome all the talent and energy of Bombardier Transportation employees. We are deeply committed to step up the turnaround of Bombardier Transportation activities and deliver significant value to all stakeholders, particularly our customers. We will also further develop Bombardier Transportation’s historical presence in Québec, drawing on Québec’s well-established strengths in innovation and sustainable mobility. We are pleased to welcome CDPQ as a new long-term shareholder. CDPQ is fully supportive of the transaction and Alstom’s strategy.” said Henri Poupart-Lafarge, Chairman and CEO of Alstom.

A step-change acquisition

Alstom and Bombardier operate in a very positive market environment with passenger traffic expected to grow between 3% to 5% annually over the 2015-2025 period and global rail OEM market expected to achieve a +3.0% CAGR between 2021-2023. The dynamic is driven by urbanisation trend and a strong push for decarbonation of mobility. In Europe, the European Commission has set very ambitious targets in terms of CO2 reduction and several countries have announced large investments in rail.

Alstom is a preeminent rail equipment player with an industry-record backlog of €40bn and €8.1bn of annual sales as of 31-Mar-2019. Over the period 2016-2019, Alstom delivered strong sales development with an average annual growth of 5.5% outperforming the market, and significantly improved profitability (up to 7.5% adjusted EBIT margin).

Bombardier Transportation is a reference player in global rail transportation with a €32bn backlog and €7.4bn sales as of December 2019. With a track record of market leadership and a strong expertise, Bombardier Transportation offers a broad product portfolio across all market segments and has a well-balanced industrial footprint between best-cost and high-tech countries.

Post-transaction, Alstom will benefit from significant additional technologies and added R&D resources to consolidate its innovation leadership in sustainable mobility.

The group will also further develop its presence in Québec, Canada. After the transaction, Montréal will welcome the Headquarters of Alstom of the Americas, leading all Alstom operations and expansion in these geographies. In addition, drawing on Québec’s well-established strengths in innovation and sustainable mobility, Alstom will establish a centre of excellence for design and engineering, as well as high-tech R&D activities, which will notably be focused on developing sustainable mobility solutions.

A unique opportunity to accelerate Alstom’s strategic roadmap, Alstom in Motion

The acquisition of Bombardier Transportation is a one-time opportunity coming at the right moment for Alstom, having significantly strengthened its operational and financial profile over the past 4 years to accelerate its strategic roadmap, and adding to Alstom complementary commercial and industrial platforms. Bombardier Transportation will notably bring to Alstom:

complementary geographical presence to broaden Alstom’s commercial reach in key growing markets leveraging on Bombardier’s successful historical track record in Germany, UK, North America and its unique presence in China
attractive rolling stock additions to Alstom’s portfolio establishing a comprehensive offering across all rail segments to better address customers’ needs for fit-for-purpose mobility solutions, notably with selective niches such as Monorail, People Mover and bringing strong expertise recognition through the development of local specific solutions to blue-chip clients
significant assets for Alstom services business with access to the largest installed train fleet worldwide and a wide maintenance facilities network in a high value segment and opening new opportunities with a strengthened market coverage and service offering
complementary and strategic new geographies in signalling enabling Alstom to accelerate the roll-out of its solutions leveraging on new market access and highly qualified employees consolidating Alstom capabilities in a strategic segment
complete innovation portfolio and significant engineering and R&D resources to lead smart and green mobility innovations
best cost industrial footprint including in Eastern Europe, Mexico and China and complementary footprint in mature markets e.g. Germany & UK

A value-creating transaction for all stakeholders

Alstom is committed to recover Bombardier Transportation’s full operational and profitability potential with the objective of restoring project execution and margin towards standard level. This will be achieved thanks to clearly identified levers including:

focus on operation turnaround and backlog execution based on Alstom best practices systematic roll-out
structured action plan to ensure successful integration and deployment of Alstom best practices and technologies globally
Alstom’s financial discipline and successful track record in profitability step-up
the strong cultural fit and understanding of Bombardier Transportation developed during numerous co-led projects

In addition, tangible and executable synergies have been identified and Alstom plans to deliver €400m run rate cost synergies in year 4 to 5.

As a result of greater efficiency and of a more robust operational profile, the transaction is expected to be double-digit EPS accretive from year 2 post closing for Alstom shareholders.

Customers will also benefit from the extensive expertise and the broad portfolio of this larger entity.

CDPQ becoming a new long-term shareholder of Alstom

Pursuant to the terms of the acquisition, CDPQ (currently holding 32.5% of Bombardier Transportation), will become the largest shareholder of Alstom with approximately 18% of capital. CDPQ is a highly regarded strategic investor with a long-term investment approach and has a significant and successful track record in the rail industry. It is fully supportive of the transaction and Alstom’s strategy. CDPQ will reinvest its proceeds for c.€2.0bn and realize an additional investment of €0.7bn in Alstom.

Bouygues will remain an important shareholder of Alstom with around 10% of capital[8]. It is fully supportive of the transaction and undertook to vote in favor of the transaction-related resolutions at the EGM.

For existing Alstom shareholders, the transaction is expected to deliver significant value and they will be offered the possibility to accompany Alstom in the financing of this strategic acquisition through a rights issue, subject to EGM approval.

Indicative timetable and next steps

The signing of the Memorandum of Understanding has been unanimously approved by each of Alstom’s and Bombardier Inc.’s board of directors and the envisaged transaction is fully supported by CDPQ.

The Memorandum of Understanding organises the information and consultation process by Alstom and Bombardier of their respective Works Councils and contains exclusive commitments by both parties.

An extraordinary general meeting (EGM) voting on the reserved capital increases and the rights issue should take place no later than October 31, 2020. Bouygues undertook to vote in favour of the transaction-related resolutions at this EGM.

Subject to the EGM, rights issue will take place between H2 2020 and H1 2021 and the reserved capital increases will take place at closing.

The transaction will also be subject to clearance from relevant regulatory authorities and anti-trust authorities. Closing is expected in the first half of 2021.

source: alstom

[News] Chennai Metro to start trial of phase I extension project by February 2020 end

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January 26, 2020

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As the first step in preparation to running full-fledged operations, Chennai Metro Rail will carry out an initial trial in the phase I extension project from Washermanpet to Wimco Nagar that covers nearly 9 km of north Chennai, in the last week of February.

According to officials of Chennai Metro Rail Limited (CMRL), they are likely to do run a shunting loco in the underground stretch from Washermanpet to Korukkupet initially, and do an inspection of how it works. “Now, the tracks are being laid in this 9 km stretch; in the underground section, the track has already been laid but the work is still on for the elevated section. We are hoping to finish it in an another month. If it gets completed, then we may do a trial run for the whole stretch and if not, we will certainly run the shunting loco for the underground section alone. During this trial, we will know if there are any problems and what areas need correction,” an official said.

In this 9 km stretch, a small section from Washermanpet till Korukkupet alone is underground and after that, the stretch rises above the ground till Wimco Nagar. Currently, the construction of stations and installation of some systems for running of the Metro are on.

Subsequently, after the trials with the shunting loco, CMRL will run a trial with trains. This is likely to happen by April, officials said.

As Chennai Metro has been planning to open this stretch by June, the beginning of such trials is crucial and only after they are proved safe and all the hitches are corrected, can the section become operational for the public.

source: The Hindu

[News] Pune Metro achieves milestone of trials in just 30 months, becomes fastest metro project in India

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January 25, 2020

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When the Pune Metro carried out its first trial run earlier this month, it became the fastest to have reached the milestone (30 months) among Metro projects in the country. With the January-10 run being a precursor to technical trial runs and regulatory clearance and certification, work is on track for the first stretch of 5 km being operationalised in April this year. The entire Rs 11,420-crore project comprising two corridors of 31.25-km length is likely to be completed by March 2022.

The Pune Metro is being built by the Metro Rail Corporation Ltd (Maha Metro), a 50:50 JV of the Centre and the Maharashtra government. Its first corridor, 16.589-km in length, would stretch from PCMC to Swargate and have five underground stations and nine elevated stations. The second corridor, 14.665-km in length, would extend from Vanaaz to Ramwadi and have 16 stations.

Trials will go on for two to three months on the first corridor and start in another two months on the second corridor, says Dr Brijesh Dixit, MD of Maha Metro. After a lull last year because of the elections in May and November – work on the project started in December 2016 – and an extended run of unseasonal rains, work has gathered momentum again, with tunnelling having started on the five-km underground stretch connecting Shivaji Nagar to Swargate and work on the priority overground stretches on Corridor-I and Corridor-II moving fast.

In what came as a relief to Pune residents who have to regularly suffer traffic congestion, the Pune Metro project has received a stamp of approval from the new Maharashtra Vikas Aghadi government, which has made news by scrapping the city’s Rs 5,000-crore High Capacity Mass Transit Route project in its current form and putting into cold storage the futuristic Hyperloop project linking Pune to Mumbai.

In fact, one of the first things that Eknath Shinde, the urban development minister, did after taking charge was to take stock of work on the Pune Metro project. Shinde also said the government would consider favourably all the expansion proposals for the project, besides ensuring that such infrastructure projects were implemented ahead of schedule. Ajit Pawar, the deputy CM, has expressed keenness to extend the Vanaaz-Ramwadi line to Wagholi via Chandni Chowk and extend the PCMC-Swargate line at both ends.

Even as the Pune Metro gears up to operationalise its first stretch in the coming months, Maha Metro is looking to enter Pune’s real estate business with around 10 million sq. ft of commercial space being created across the 30 Metro stations on the two corridors. Says Dixit, “more than 50% of Pune Metro’s revenues would accrue from non-fare sources, to ensure the financial viability of the project”.

source: FE

Alstom to provide maintenance for 46 trains to the Bulgarian national railway company BDZ

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December 21, 2019

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Alstom signed a five-year contract for rolling stock maintenance for the Bulgarian national railway company BDZ Passenger Services. The contract is worth approximately 70 million Euros.

The scope of the contract includes full maintenance services, consisting of preventive and corrective maintenance as well as overhauls for 46 non-Alstom trains, including 22 diesel and 24 electric multiple units, totaling 126 cars.

Also Read: Good News-Chennai Metro to implement QR code based tickets at stations in six months

“Alstom extends to Bulgaria with a new maintenance contract,” said Gabriel Stanciu, Managing Director for Alstom in Romania, Bulgaria and Republic of Moldova. “This contract builds on our unique expertise in non-Alstom trains maintenance, consolidated and fully proven during our 15-year contract for the Bucharest metro trains and other maintenance projects worldwide. We have started the preliminary preparations in order to be able to provide maintenance. This is our first contract in Bulgaria and we are proud and grateful that the customer chose our expertise and extensive know-how”, Gabriel Stanciu concluded.

The trains started operation in 2006-2007, in regions with high circulation. The diesel ones operate on the Sofia-Kyustendil line and in Varna region. The EMUs are servicing traffic in the Sofia and Plovdiv areas.

source: alstom

Good News-Chennai Metro to implement QR code based tickets at stations in six months

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December 21, 2019

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Chennai Metro Rail plans to launch QR code-based ticketing services that can be used in stations and parking lots in six months.

When implemented, the commuters can, through a mobile app, buy a ticket and just swipe the QR code at the Automatic Fare Collection (AFC) gate or ticketing gate, which will save them a lot of time.

At present, commuters have to pay in stations through a smart card or a token or a trip card (a monthly pass) to pay for their trip. But, Chennai Metro Rail had announced sometime back, that commuters can pay at the parking lot only with a smart card and not cash.

According to officials of Chennai Metro Rail Limited (CMRL), they have been trying to speed up the launch QR codes for this specific reason. “Thousands of passengers have been using trip cards on a daily basis. Even if a passenger has a trip card, he needs to buy a smart card just for payment at the parking lot, which has irked many commuters. Now, if this system is introduced, a commuters can just tap the QR code in both the station and parking lot and travel without any hassle,” an official said.

The introduction of the service will also be particularly useful because commuters have to necessarily use only ticket vending machines (TVM) in stations. Also, if they are going to pay cash to buy a ticket at the counter, only cashless transactions are allowed.

“Some of the TVMs are not working and some others that function don’t accept all the currency notes. It has become a cumbersome process for passengers. So, we think if the QR code system is put into place at the earliest, passengers will benefit to a great extent,” another official said.

source: the hindu

Qatar Rail launches preview service for the Doha Metro Gold Line

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November 22, 2019

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Qatar Railways Company (Qatar Rail) has announced the launch of its preview service for the Doha Metro Gold Line, which extends from Ras Bu Abboud in the east, to Al Aziziyah in the west. The Gold line preview service covers 11 stations, including Ras Bu Abboud, National Museum, Souq Waqif, Bin Mahmoud, Al Sadd, Joaan, Al Sudan, Al Waab, Sport City, Al Aziziyah and interchange station Msheireb.

Customers can now travel between the Doha Metro’s Gold and Red Line through Msheireb station. When interchanging between lines, customers are not required to tap in and out as long as they remain within the paid area. All journeys including those requiring an interchange will only cost 2 QAR in our standard and family class, and 10 QAR in Gold class for one trip.

The Gold Line’s operating hours are the same as the Red Line, from 6 am to 11 pm Saturday to Thursday and from 02:00 pm- 11:00pm on Fridays, with trains operating every 5 minutes.

Commenting on this milestone said Eng. Abdulla Saif Al Sulaiti, Chief of Service Delivery at Qatar Rail: “The launch of the metro preview services has been well received and we’ve had a extremely positive response from our customers. The launch of the Gold Line service is another key milestone for Qatar Rail leading up to the delivery of our fully-fledged integrated network by 2020. In the past few months, we have dedicated our efforts to deliver the expansion of Doha Metro services, and we are ahead of schedule.”.

He added: “With the launch of the Gold Line preview service we are expecting customer numbers to increase considerably as we open up more journey opportunities to explore the city; connecting attractions and lifestyle destinations including, National Museum, Souq Waqif, Al Sadd and Sport City.”.

New metrolink routes will be added by Qatar Rail’s feeder bus service provider Mowasalat, transporting passengers to and from metro stations and surrounding areas. Metro passengers can view available routes using Qatar Rail’s and Mowasalat’s mobile apps or websites. Qatar Rail will be adding and extending its metrolink routes to new neighborhoods and areas, enabling a seamless journey for customers.

All Gold Line stations are now ready to welcome customers. Doha Metro flags have been placed at the entrances of all Gold line stations. Our stations carry Doha Metro’s distinct architectural identity, “Vaulted Spaces”, the network’s contemporary design imprint, reflecting regional heritage through open spaces that mimic traditional Bedouin tents. The stations’ interior spaces and floors signifies the color gold.

Our stations are accessible and air conditioned. Each one contains a customer information and goldclub centre, separate male and female prayer areas and restrooms. Live service updates and information is displayed on monitors in all stations, and information on last train schedule and metrolink services can be found at the stations entrances.

Knowlegable and friendly Customer Service agents are on hand across all stations to assist with any enquiries or questions about the network. Stations are equipped with security cameras and a first aid room to ensure the safety and security for all customers.

Travel cards can be purchased at metro stations. Pre-loaded Standard Travel cards can be purchased from licensed retailers including Al Meera, LuLu, Carrefour, Jumbo Electronics, and Family Food Centre. Gold club travel cards are available from dedicated goldclub offices at all Metro stations.

source: Qatar Rail

Alstom to deliver four additional Coradia Lint regional trains to Nordjyske Jernbaner in Denmark

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September 18, 2019

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Alstom has received an order from Nordjyske Jernbanen for 4 additional Coradia Lint to add to their current fleet of 13. The trains will be built at Alstom’s site in Salzgitter, with delivery planned by mid-2021.

“We are very happy that Nordjyske Jernbanen now chooses to expand their Coradia Lint fleet. It is comfortable and reliable, and as such a popular train among passengers. Alstom has sold 1,000 Coradia Lint regional trains; it is unquestionably the most successful diesel multiple unit (DMU) in Europe”, says Emmanuel Henry, Managing Director of Alstom in Denmark.

Coradia Lint has already shown great reliability and an overall high standard. Thanks to its lightweight, it boasts reduced fuel consumption. Its maximum operating speed is 140 km/h. The 2-unit trains ordered by Nordjyske Jernbaner have a total of 120 seats and up to 135 places when including standing passengers. The trains are also equipped with Wi-Fi, air conditioning, information systems and video surveillance for the full comfort and security of the passengers.

Alstom’s Coradia Lint trains have been operating in more than 30 networks in Germany, Europe and Canada since the year 2000. Thanks to continuous improvements, they offer the highest standard of safety, noise reduction and low emissions and have a very high availability rate. The trains belong to Alstom’s Coradia range of modular trains, which benefits from over 30 years of expertise and proven technical solutions and includes the world’s first hydrogen train, the Coradia iLint. More than 2,800 Coradia trains have been sold so far and around 2,300 are currently in service.

source: Alstom

New edition of the Alstom Talent Energy program for young graduates

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September 16, 2019

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16 September 2019 – Alstom has launched the seventh edition of its programme for young graduates in Spain, an initiative that aims to train and integrate them into the labor market. This initiative, called Alstom Talent Energy, combines post-graduate training and professional work placements in a single programme. The objective is to provide opportunities for recent graduates to continue their personal and professional development in a global company as Alstom, a world leader in the mobility sector.

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“With this successful programme, in which more than 200 graduates have already participated, we are committed with training and incorporating young graduates into the labor market. The promotion of young talent and their professional development is a strategic pillar for our company,” explains Antonio Moreno, Managing Director of Alstom Spain.

The submission period to participate to this edition of the program is open till 25 October. The programme itself, which is undertaken in collaboration with the Fundación Universidad-Empresa (Universities and Businesses Foundation), will start in November.

The Alstom Talent Energy Plan is a 12 months internship programme for Fresh Graduates. This year, it will incorporate 20 interns with different academicals backgrounds (Engineering, Physics, Maths, Management, Quality, Environmental Sciences, among others) in the teams of Alstom in Spain to prepare their future integration on the labor market. Successful candidates will start working in the company’s sites in Madrid or Barcelona, joining Alstom ‘s teams of professionals to work on national and international rail projects.

Those interested should apply by 25 October 2019 in the following link: www.talentoteca.es/alstom

source: Alstom

J Kumar Infra wins a contract of Rs 1998 Crore for Mumbai Metro Project

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September 14, 2019

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On 14 September 2019, Mumbai-based construction company, J Kumar Infraprojects announced that it has received a Letter of Acceptance (LoA) worth INR 1998 Cr from Mumbai Metropolitan Region Development Authority (MMRDA.

The company, in detailed statement, said that it has received Letter of Acceptance (LoA) from Mumbai Metropolitan Region Development Authority (MMRDA) for contract of design and construction of Elevated Viaduct and Nine Elevated Stations. The LoA is excluding architectural finishes and PEB Roof Structure. Also, the stated LoA is including two flyovers and underground twin tunnel, Cut and Cover, Ramp and one Underground Station which includes Architectural Finishes and PEB Structures, for Corridor of Mumbai Metro Line 9 i.e. extension of Line 7 from Dahisar (East) to Mira Bhayandar and Andheri to CSIA of Mumbai Metro Rail project of MMRDA for Rs. 1,998 crore.

The company boasts the order book of Rs. 10,372.4 crore as on FY19, which gives strong revenue visibility for the company in the long term.

J Kumar Infraprojects is engaged in construction business which includes design and construction of roads, bridges, flyovers, subways, over bridges, skywalks and railway terminus/stations, among others.

Rail India Conference and Expo 2019|29 – 30 AUGUST 2019|New Delhi|Register Now

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August 21, 2019

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Rail India Conference and Expo 2019

Edition: Fourth Edition

Date: 29-30 August 2019

Venue: The Lalit, New Delhi

About Rail India Conference and Expo 2019

Its 4th annual edition – Rail India Conference and Expo organised by Messe Frankfurt India has established itself as the premier event for the Railway Sector in India. It provides an excellent knowledge exchange platform and the most ideal meeting place for the top authorities, experts and professionals in the railway sector from all over the world, to share the latest information, developments in the sector and modern ideas on upgrading rail infrastructure, safety and other potential areas of improvement.

The conference shall feature technical sessions, presentations and mini expo, and will open up new avenues for learning about the modern technologies, prospects and growth opportunities that lie ahead of the Indian Railway sector.

To register for Rail India Conference and Expo 2019, kindly click here

Below is the list of prominent speakers for the event

Contact the Organizer

Registered Office

Messe Frankfurt Trade Fairs India Pvt. Ltd. 501-502, 5th Floor, A Wing, DLF Towers, Jasola, Behind Apollo Hospitals, New Delhi, 110025, India

Corporate Office

Gala Impecca, 5th Floor, Chakala, Andheri (E), Andheri Kurla Road, Mumbai 400093, India

Email

[email protected]

Phone

+91 11 6676 2300

Job opening at Riyadh Metro, Apply Now

Rail India Conference and Expo 2019

Edition: Fourth Edition

Date: 29-30 August 2019

Venue: The Lalit, New Delhi

Below is the list of prominent speakers for the event

Registered Office

Corporate Office

Email

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