Alstom has completed the sale of its North American conventional signalling business to Knorr-Bremse AG.

The business was sold for a purchase price of approximately 690 million USD. This follows the binding agreement signed by the two companies on 19 April 2024.

Knorr-Bremse is taking over Alstom’s railway signalling business in North America

© Knorr-Bremse

The closing of this sale completes the execution of Alstom’s 2 billion EUR deleveraging plan to reinforce its balance sheet and stabilise its Investment Grade rating.

Alstom will now continue to serve the North American signalling market with communication-based train control (CBTC) and European train control systems (ETCS) solutions.

For this transaction, Crédit Agricole CIB served as Alstom’s financial advisor, while White & Case LLP acted as its legal advisor, Cleary Gottlieb Steen & Hamilton LLP was the antitrust advisor, and Accuracy provided financial due diligences.
source= https://railway-news.com/alstom-completes-sale-of-north-american-signalling-business/