Siemens and Alstom have set the next key milestone for a champion in mobility. They have entered today into a Business Combination Agreement (BCA) regarding the proposed combination of Siemens’ mobility business, including its rail traction drive business, with Alstom.
Alstom announced the completion of its first all-electric locomotive from its state-of-the-art locomotive facility at Madhepura in the State of Bihar , on schedule.
Alstom has signed a purchase agreement for the acquisition of 21net, from the Innovacom fund and other investors. 21net is a provider of on-board Internet and passenger infotainment for the railway industry.
Over the third quarter 2017/18 (from 1 October to 31 December 2017), Alstom booked €1.7 billion of orders, compared to €1.0 billion over the same period last year. The Group’s sales increased to €1.8 billion, up 6% (8% organically) compared to €1.7 billion over the third quarter 2016/17.
Alstom announces that the three year period of self-reporting obligations that the Group agreed to as part of the Plea Agreement of 22 December 2014 has come to a successful completion.
Representing Alstom and the Hydrogen Council, Henri Poupart-Lafarge has appeared as part of a panel at One Planet Summit, an event co-organised by the French Presidency, the United Nations and the World Bank.
Between 1 April 2017 and 30 September 2017, Alstom booked €3.2 billion of orders. Sales, at €3.8 billion were up 5% organically. The adjusted EBIT increased to €231 million, 16% above last year, leading to an adjusted EBIT margin of 6.2%.
Alstom today successfully commenced production at its greenfield electric locomotive manufacturing facility in India.
The Alstom Foundation will support 17 projects this year spread across all continents with a particular focus on economic and social development.
Today, Siemens and Alstom have signed a Memorandum of Understanding to combine Siemens’ mobility business including its rail traction drives business with Alstom.
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