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European Commission Clears Alstom’s acquisition of Bombardier Transportation

Alstom and Bombardier welcome the European Commission’s (EC) decision for conditional clearance of the proposed acquisition of Bombardier Transportation by Alstom.

The Commission’s approval for the transaction is conditional on the proposed engagements that consist of:

  • A transfer of Bombardier Transportation’s contribution to the V300 ZEFIRO very high-speed train and an offer of IP licence to Hitachi for the train co-developed by Hitachi and Bombardier Transportation for use in future very high-speed tenders in the UK
  • The divestment of the Alstom Coradia Polyvalent and the Reichshoffen production site in France
  • The divestment of the Bombardier TALENT 3 platform and dedicated production facilities located within the Hennigsdorf site in Germany
  • Providing access to certain interfaces and products for some of Bombardier Transportation’s Signalling On-Board Units and Train Control Management Systems (TCMS)

The divestitures will comply with all applicable social processes and consultations with employee representatives’ bodies.

The transaction remains subject to further regulatory approvals in several other jurisdictions and customary closing conditions. 

Closing of the acquisition is expected for the first half of 2021.

Alstom Expands Braking System Expertise With Ibre Acquisition

Alstom is taking a new step forward in the implementation of its AiM (Alstom in Motion) strategic plan in France with the acquisition of Ibre, a company specialised in the development, manufacture and supply of cast iron or steel brake discs for high-speed, intercity, regional and suburban trains, trams and metros. Alstom and Ibre already had a long working relationship on projects for SNCF.

With the acquisition, Alstom will reinforce its internal capabilities regarding railway braking systems, which are essential to the overall dynamic performance of trains.

Ibre employs around 30 people at its Sens site in the region of Bourgogne Franche Comté and had a turnover of approximately €10 million in 2019. It is a company with an international scope, with more than half of its sales in France, of both original equipment and replacements. The rest primarily serves customers in Austria, Australia, Belgium, Scandinavia, England, India and Germany. 

“This acquisition represents very promising development potential for Ibre and its employees and is in line with Alstom’s strategy to extend its know-how,” says Jean-Baptiste Eyméoud, Senior Vice President Alstom France.

Railway brake discs are one of the critical components of the braking system. Alstom’s acquisition of Ibre represents a unique opportunity to extend its offer. Ibre products will be offered as original equipment and as part of maintenance contracts. Following completion of the transaction, which took place on 30 June, the company, renamed “Alstom Ibre”, becomes a wholly owned subsidiary of Alstom.

IBRE is an experienced designer and producer and brake discs & levers

Airbus A350-1000 Deployed in Fight Against COVID-19

Airbus continues to purchase and supply millions of face masks from China, the large majority of which will be donated to governments of the Airbus home countries, namely France, Germany, Spain and the UK.

An Airbus flight test crew has just completed its latest mission with an A350-1000 test aircraft. This is the third of such missions between Europe and China. The aircraft returned to France with a cargo of 4 million face masks on Sunday 5 April.

The A350-1000 left Toulouse, France, on Friday 3 April, reaching the Airbus site in Tianjin, China on 4 April and returning to Hamburg the same day.

Since mid-March, the previous two missions were performed by an A330-800 and an A330 Multi-Role Tanker Transport (MRTT). Airbus also deployed an A400M and its Beluga fleet to transport shipments of masks between its European sites, in France, Germany, the UK and Spain.

Airbus will continue to support the fight against the Coronavirus pandemic wherever possible.

“I would like to pay tribute to all the Airbus teams, globally, supporting the fight against COVID-19. They’re living our values in assisting those who are saving lives every day”, said Guillaume Faury, Airbus CEO. “

Airbus is focused on the health and safety of its employees and supporting its customers and the industry eco-system with business continuity. At the same time Airbus is contributing to many vital public and private services and working with partners who rely on aircraft, helicopters, space and security solutions to carry out life-saving missions in support of the global pandemic. 

Airbus is deploying its employees, their expertise and know-how and leveraging technology in this fight against the COVID-19 pandemic, for example in designing and manufacturing ventilators and 3D printed visors which are critical resources for hospitals.

The Company is partnering with other organisations in unprecedented ways to achieve this goal as fast as possible.

Boeing Extends Suspension of Puget Sound Production Ops

Boeing is extending the temporary suspension of production operations at all Puget Sound area and Moses Lake sites until further notice. These actions are being taken in light of the company’s continuing focus on the health and safety of employees, current assessment of the spread of COVID-19 in Washington state, the reliability of the supply chain and additional recommendations from government health authorities.

During the suspension, the company will continue to implement additional health and safety measures at its facilities to protect employees. These measures include new visual cues to encourage physical distancing, more frequent and thorough cleaning of work and common areas and staggering shift times to reduce the flow of employees arriving and departing work, among many other improvements.

“The health and safety of our employees, their families and our communities is our shared priority,” said Boeing Commercial Airplanes President and CEO Stan Deal. “We will take this time to continue to listen to our incredible team and assess applicable government direction, the spread of the coronavirus in the community and the reliability of our suppliers to ensure we are ready for a safe and orderly return to operations.”

The volunteers who have been supporting essential site and services work should continue to report to their assigned shifts. Puget Sound area and Moses Lake employees who can work from home should continue to do so.

As the suspension of operations continues, Boeing will monitor government guidance and actions on COVID-19 and associated impact on all company operations. Boeing sites that remain open are being monitored and assessed on a daily basis.

thyssenkrupp Sells Elevator Technology Business for €17.2 Billion

  • Consortium of bidders led by Advent, Cinven and RAG foundation
  • Sales proceeds pave the way for further transformation of thyssenkrupp
  • Cash inflow remains within the company
  • Buyers give far-reaching site and employment guarantees for tk Elevator
  • Closing and purchase price payment expected by the end of the current fiscal year 
  • Martina Merz: “With the sale of Elevator, thyssenkrupp can pick up speed again. We will reduce the company’s debt as far as is necessary and at the same time invest as much as is reasonable in its further development.”

thyssenkrupp sells its Elevator Technology business entirely to a consortium led by Advent, Cinven and RAG foundation. The respective Executive Board decision was approved on Thursday evening by the Supervisory Board of thyssenkrupp AG. The purchase agreement has been signed. Closing of the transaction is expected by the end of the current fiscal year. The purchase price is €17.2 billion. thyssenkrupp will reinvest part of the purchase price[1] (€1.25 billion) in a stake in the elevator business. The transaction is subject to merger control approvals, although thyssenkrupp does not expect the competent authorities to have any reservations. The proceeds from the transaction will remain within the company and are to be used to the extent necessary to strengthen the balance sheet. Alongside this, the proceeds shall be used to advance the development of the remaining businesses and the portfolio. As announced at the Annual General Meeting at the end of January, thyssenkrupp is proceeding the analysis phase so that a decision on the concrete use of funds can be taken in May.

Martina Merz, CEO of thyssenkrupp AG: “With the sale, we are paving the way for thyssenkrupp to become successful. Not only have we obtained a very good selling price, we will also be able to complete the transaction quickly. It is now crucial for us to find the best possible balance for the use of the funds. We will reduce thyssenkrupp’s debt as far as is necessary and at the same time invest as much as is reasonable in developing the company. With this, thyssenkrupp can pick up speed again.”

The sale of Elevator is a favorable solution not only for the company, its shareholders, customers and employees, but also for the elevator business itself. In the consortium, thyssenkrupp has found new owners for the elevator business who have extensive industrial expertise and offer the workforce a high degree of security. The buyers have a strong track record in profitably growing and nurturing companies to become global champions.

In negotiations with employee representatives and the IG Metall trade union, the buyers have committed to far-reaching site and employment guarantees. In addition, it was agreed that the buyers will continue to manage thyssenkrupp Elevator as a global group. The company will also remain based in Germany and employee co-determination will continue. That means the solution is in line with thyssenkrupp’s understanding of corporate and social responsibility.

“We are not pleased to part with our employees and the elevator business. Nevertheless, today is a good day for everyone involved. With this step, we are opening up real prospects for the future: for the elevator business as an independent company and, with the financial solidity we have gained, also for all other areas of thyssenkrupp,” Martina Merz added.

New Technology Creates Hyper Elevators That Can Go Sideways

Alstom Signs First Contract for Battery-Electric Regional Trains in Germany

Alstom will manufacture, deliver and maintain until 2032 eleven Coradia Continental battery-electric trains for regional traffic on the Leipzig-Chemnitz route on behalf of VMS (Verkehrsverbund Mittelsachsen) and with the support of ZVNL (Zweckverband für den Nahverkehrsraum Leipzig), the two authorities responsible for this line. The contract is worth approximately €100 million. Following this order, Alstom offers all types of traction systems on the market as well as the full range of emission-free drives, from efficient electric motors to hydrogen fuel cells and advanced battery traction. 

In 2014, Alstom had previously signed a contract with VMS for the delivery of 29 Coradia Continental electric regional trains (EMU). In order to bridge the 80 kilometres of non-electrified line between the cities of Chemnitz and Leipzig, the authority requested a battery-electric version (BEMU). The new trains will enter service in 2023. They will be built at Alstom’s German site of Salzgitter, in Lower Saxony. The battery traction sub-system is designed and supplied by Alstom’s traction centre of excellence in Tarbes.

“We are immensely proud to be providing the responsible authorities with a sustainable and perfectly-suited solution. Today, Alstom stands apart in being able to offer any form of emission-free traction currently on the market built into a proven solution. As a responsible company, Alstom has an intense focus on sustainable mobility, offering the best-fitting solutions that make it not only possible, but also cost-effective and attractive,” says Gian Luca Erbacci, Senior Vice President of Alstom Europe. 

The Coradia Continental BEMU trains will be similar to those already in service on the Dresden, Riesa and Zwickau routes. The main difference: they will also have high-performance batteries on the roof. The train, based on the proven Coradia Continental, builds on Alstom’s long experience in battery traction, gained with the Coradia iLint, Citadis trams and the Prima H3 locomotive. 

The Coradia Continental BEMU has a range of up to 120 kilometres and can be operated under catenary as well as on non-electrified sections. The three-car-trains will be 56 metres long and equipped with 150 seats. They will have a top speed of 160 km/h in battery mode. The capacity of the batteries (high-power lithium-ion) is calculated to ensure catenary-free operation of the line Chemnitz-Leipzig without any sacrifice in performance or comfort. 

Alstom’s Coradia range allows operators and transport authorities to offer their passengers regional trains that meet their needs and expectations, while demonstrating exemplary reliability and cost-effectiveness. Alstom has tailored the Coradia range to operate with all available emission-free power systems, from electric to battery-electric and hydrogen fuel cells. The latter, the Coradia iLint, powered by fuel cells and offering performance comparable to a diesel train while emitting nothing but water, has been in passenger service in Germany for over a year.

Kobe Bryant Dies in California Helicopter Crash

The sports world was in mourning following news Sunday that Kobe Bryant, his daughter Gianna, and seven other people died died in a helicopter crash. Weather is believed to have been a contributing factor in the accident, as the conditions at the time were poor. The National Transportation Safety Board has sent a team of investigators to the site.

The helicopter reportedly departed John Wayne Airport in Orange County at 9:06 a.m. local time. The group was heading to the Mamba Sports Academy in Newbury Park. The Federal Aviation Administration reported that no flight plan had been filed. The Sikorsky S-76B helicopter was flying in low clouds and fog, and was operating under “special VFR” (special visual flight rules) status, requiring the pilot to be responsible for determining safe flying requirements in challenging weather conditions..

The helicopter crashed in foggy conditions on steep terrain in the mountains near Las Virgenes Road in Calabasas, California. The crash was reported to the Los Angeles County Fire Department. The crash set off a small brush fire in the area. Firefighters were able to contain the blaze, but were not able to find any survivors.

Kobe Bean Bryant, born 23 August 1978; died 26 January 2020

Toyota to Build Prototype City of the Future in Japan

Akio Toyoda, president of Toyota Motor Corporation, speaks at a news conference, where he announced Toyota’s plans to build a prototype city of the future on a 175-acre site at the base of Mt. Fuji in Japan, during the 2020 CES in Las Vegas

LAS VEGAS (Reuters) – Toyota Motor Corp <TM> said on Monday it plans to build a prototype “city of the future” at the base of Japan’s Mt. Fuji, powered by hydrogen fuel cells and functioning as a laboratory for autonomous cars, “smart homes,” artificial intelligence and other technologies.

Toyota unveiled the plan at CES, the big technology industry show. The development, to be built at the site of a factory that is planned to be closed, will be called “Woven City” – a reference to Toyota’s start as a loom manufacturing company – and will serve as a home to full-time residents and researchers.

Toyota did not disclose costs for the project.

Executives at many major automakers have talked about how cities of the future could be designed to cut climate-changing emissions from vehicles and buildings, reduce congestion and apply internet technology to everyday life. But Toyota’s plan to build a futuristic community on 175 acres (71 hectares)near Mt. Fuji is a big step beyond what rivals have proposed.

The proposal highlights not only Toyota Chief Executive Akio Toyoda’s ambition, but also the financial and political resources Toyota can bring to bear, especially in its home country.

Toyota expects 2,000 people will live at the city initially, with construction slated to start next year. Toyoda called the project “my personal ‘field of dreams.’

“You know if you build it, they will come.”

Toyota said it has commissioned Danish architect Bjarke Ingels to design the community. Ingels’ firm designed the 2 World Trade Center building in New York and Google’s offices in Silicon Valley and London.

Toyota said it is open to partnerships with other companies that want to use the project as a testing ground for technology.

(Reporting by Jane Lanhee Lee and David Shepardson; Writing by Joe White; Editing by Dan Grebler)

Watch the 30 second Woven City YouTube video by clicking HERE!

Saab Providing Digital Air Traffic Services in Scandinavia

The first new airport in Sweden in 20 years has been inaugurated, Scandinavian Mountains Airport in Sälen. Saab is providing the on-site camera tower in Sälen and digital air traffic control services from Saab’s remote tower centre in Sundsvall.

Scandinavian Mountains Airport has entrusted Saab Digital Air Traffic Solutions (SDATS) to both install the system and remotely manage air traffic control from Sundsvall. 

“One of the advantages of remote air traffic control is operational flexibility, which makes it easier for us to manage varying volumes of traffic over the seasons,” says Per Ahl, CEO of Saab Digital Air Traffic Solutions. “Remote air traffic control is also safe and cost-effective. We are now providing a comprehensive concept to the first airport in the world with fully digital air traffic control.”

The contract covers the installation of Saab’s remote tower system at the airport in 2018/19, as well as the provision of air traffic control from Sundsvall for a period of 10 years starting December 2019. The airport mainly serves the ski resorts in the Sälen/Trysil area during the winter season.

“Saab’s Remote Tower technology and services were the natural choice for us when we built our airport,” says Gunnar Lenman, CEO of Scandinavian Mountains Airport. “It enables us to future-proof our business and ensure cost-effective and flexible services. Furthermore, we envision the airport playing a part in large-scale digital transition for our customers.”

Commissioning of the airport will take place during the 2019/20 winter season.

Saab Digital Air Traffic Solutions is a joint venture between Saab and the Swedish Civil Aviation Administration (LFV). By combining LFV’s unique operational experience with Saab’s world-class technical solutions, Saab Digital Air Traffic Solutions can manage the entire process from planning and implementation to the administration of air traffic control services.

SWISS to Add 6 New Destinations From Geneva in Summer 2020

  • SWISS will be adding six attractive new summer destinations to its Geneva-based route network from 22 June. The new services will operate to and from Ponta Delgada (on the Azores), Antalya (Turkey), Menorca (Spain), Djerba (Tunisia), Dubrovnik (Croatia) and Rhodes (Greece).

Swiss International Air Lines (SWISS) will add six new routes to its Geneva-based network next summer, serving destinations in Portugal, Turkey, Spain, Tunisia, Croatia and Greece. The additions will bring to 53 the number of points receiving non-stop SWISS service from and to Geneva.

Ponta DelgadaPonta Delgada on the Azores will be served every Monday from 22 June to 31 August. The new route will make SWISS the only airline offering non-stop flights between Geneva and the Portuguese mid-Atlantic archipelago, which is famed for its unspoilt nature and its spectacular landscapes.

Antalya SWISS will be offering a weekly Friday service between Geneva and Antalya from 26 June to 23 October. A seaside resort on Turkey’s southwest coast, the city is considered one of the country’s finest.

Menorca Menorca will enjoy SWISS services from and to Geneva every Saturday between 4 July and 29 August. A quieter alternative to neighbouring Mallorca and Ibiza, the island in the Spanish Balearics is renowned for its unspoilt natural landscapes and its fine-sand beaches fringed by turquoise waters.

Rhodes In adding the picturesque islands of Rhodes to its network, SWISS will serve no fewer than eight Greek destinations from Geneva in its 2020 summer schedules. Rhodes will receive a weekly Sunday service between 5 July and 30 August.

DjerbaSWISS will be providing a weekly Saturday service between Geneva and Djerba from 4 July to 29 August. A highly popular holiday destination, the island off the Tunisian coast is reputed for its beaches and its white desert towns.

DubrovnikDubrovnik will enjoy weekly Saturday SWISS services from and to Geneva between 4 July and 29 August. The Southern Croatian city, which has been designated as a UNESCO World Heritage Site, is one of the most charming in Europe with its stunning architecture and its rich cultural history.

All the above flights are bookable now.

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