Category: Electric Bus News (Page 2 of 2)

Acquisition of Bombardier Transportation: Accelerating Alstom’s Strategic Roadmap

February 17, 2020 / WIL BALDWIN

A step-change acquisition to address the ever-increasing demand for sustainable mobility
Excellent strategic rationale bringing to Alstom:
– Strong commercial and product complementarities
– Strengthened product lines and strategic industrial capacity
– Leading portfolio offering and R&D capabilities
Acquisition price from €5.8bn to €6.2bn
CDPQ to become the largest shareholder of Alstom with c.18% of the capital

Alstom announces today that 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.

Click the link for the full press release! https://www.alstom.com/press-releases-news/2020/2/acquisition-bombardier-transportation-accelerating-alstoms-strategic

Alstom at ElekBu 2020

January 29, 2020 / WIL BALDWIN

Alstom presents its improved Aptis e-bus at ElekBu

28 January 2020 – Alstom will present its Aptis electric bus at ElekBu 2020, being held in Berlin from 4 to 5 February. After extensive testing in many French and European cities for the past two years, the serial design of Alstom’s innovative 100% electric mobility solution incorporates feedback from passengers and transport operators. Following test drives in major German cities such as Berlin, Hamburg and Munich, the serial 12 meters Aptis e-bus is to be shown at a roadshow in Germany this year.

The serial vehicles are based on an optimized global architecture requiring fewer spare parts references and considerably facilitating maintenance operations. Thanks to a wheel steering angle of more than 40°, its ease of insertion increases significantly. The 15% reduction in the total weight of the vehicle, combined with the use of new, more efficient and state of the art batteries, substantially increases range. Aptis now accommodates more passengers, with a capacity of 100 persons, while still offering them more fluidity thanks to large sliding doors.

In addition to the technical improvements, Aptis can also boast significant improvements to passenger comfort. A new air-conditioning system that (fully electrical heat-pump) maximises thermal comfort and the panoramic rear lounge has been enhanced to give a feeling of increased space. The new hydraulic suspension allows superior comfort and sound insulation, making Aptis one of the quietest and most innovative buses on the market. The high level of comfort is also reflected in the many very positive passenger surveys.

“Alstom is pleased to present the Aptis at ElekBu, which is so important for the German market. In the last two years, we have gained important experiences in trial operation. This 100% electric mobility solution offers a new experience to passengers and drivers while meeting the new mobility challenges of urban areas,” underlines Guillaume Legoupil, Sales Director Aptis.

Aptis is particularly popular in France, where it is also built. It has already been chosen by Paris in the context of Europe’s largest call for tender for electric buses, as well as by the cities of Strasbourg, Grenoble, La Rochelle and Toulon. From February, the first series buses will be in regular service in Strasbourg.

Alstom Presents First Aptis Serial Vehicle at Busworld 2019

October 14, 2019 / WIL BALDWIN

14 October 2019 – Alstom will present the first serial vehicle of its Aptis electric bus at Busworld 2019, being held in Brussels from 17 to 23 October. After the four prototypes that have been on the roads of many French and European cities for the past two years, this new design incorporates feedback from passengers and transport operators.

This first serial vehicle is based on an optimised global architecture requiring fewer spare parts references and considerably facilitating maintenance operations. Thanks to a wheel steering angle of more than 40°, its ease of insertion increases significantly. The 15% reduction in the total weight of the vehicle, combined with the use of new, more efficient and state of the art batteries, substantially increases range. Aptis now accommodates more passengers while still offering them more fluidity thanks to large sliding doors.

“Alstom and its teams are very proud to be presenting the first series version of Aptis. This concentration of innovations perfectly represents what we always envisaged the production version of the 100% electric mobility solution would be. This clean, green bus, with its elegant design and optimised technical performance, will offer a new experience to passengers and drivers while meeting the new mobility challenges of urban areas,” underlines Benjamin Bailly, head of Alstom’s electric bus platform.

Aptis has already been chosen by Paris in the context of Europe’s largest call for tender for electric buses, as well as by the cities of Strasbourg, Grenoble, La Rochelle and Toulon. Upcoming milestones include ongoing tests in Spain with the ground-based recharge solution SRS and the training of hundreds of drivers in a new driving experience ahead of the first traffic releases, scheduled for the end of the year in Strasbourg.

Manufacturing and testing of Aptis will be carried out at Alstom’s two sites in Alsace. The Hangenbieten site oversees manufacturing of the end modules (driver’s cab and rear lounge). Manufacturing of the central passenger module, final assembly and tests will be carried out at the Reichshoffen site. This scheme will allow serial production from the end of 2019 onwards. Five other Alstom sites in France contribute to the design and manufacture of Aptis: Saint-Ouen for system integration, Tarbes for traction, Ornans for engines, Villeurbanne for electronic components of the traction chain.

In order to complete Alstom’s vison of road electromobility, exhibited alongside Aptis at Busworld will also be SRS, a completely safe, ground-level, conductive, static recharge system allowing the charging of buses along their route or within depots. As a ground-based solution, it eliminates the need for overhead infrastructure in cities, preserving the aesthetics of the urban landscape. In depots, SRS avoids the infrastructure costs associated with overhead charging systems. SRS for e-buses is based on Alstom’s SRS static recharge technology for trams, a proven solution already in operation in Nice, France. It is developed at Alstom’s Vitrolles site.

Acquisition of Bombardier Transportation: Accelerating Alstom’s Strategic Roadmap

Alstom at ElekBu 2020

Alstom Presents First Aptis Serial Vehicle at Busworld 2019

Archives