Alstom Closes Sale of North American Signaling Business as Part of Balance Sheet Strengthening Plan

Alstom has closed the sale of its North American conventional signaling business to Knorr-Bremse AG, following the binding agreement signed on 19 April 2024.

Alstom will continue to serve the North American signaling market in different segments, notably with Communications Based Train Control (CBTC) and European Train Control System (ETCS) solutions.

Alstom is a mobility technology leader in the U.S., with a history dating back more than 170 years. Alstom transfers technology and localizes manufacturing to create new, sustainable, high-tech engineering and industrial jobs across the country to serve a growing list of customers that includes major American cities, transit agencies, railroads, and airport transit systems. Its history is steeped in its experience building and repairing rail cars and locomotives, supplying signaling solutions and turnkey transit systems, and providing a complete range of customized services. To date, Alstom has delivered more than 12,000 new or renovated vehicles for U.S. customers and more than 50% of signaling for North America’s railroads.

For this transaction, Alstom was accompanied by Crédit Agricole CIB as a financial advisor, White & Case LLP as a legal advisor, Cleary Gottlieb Steen & Hamilton LLP as an antitrust advisor, and Accuracy for financial due diligence.

Source: Alstom Press Releases