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.
The Alstom Foundation today inaugurated a new welding school at Esibonelwesihle Secondary School, located in Duduza, Nigel area, Gauteng Province, 50 km from Johannesburg in South Africa.
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 and its partners of its local South African joint venture company Gibela, have now moved since last week in the new factory and training centre complex in Dunnottar, Ekurhuleni which has now become Gibela’s corporate offices too.
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 scores B at CDP’s climate change questionnaire. These good results show that Alstom has developed a policy and strategic framework within which to take action and reduce negative climate change impacts.
Today, Siemens and Alstom have signed a Memorandum of Understanding to combine Siemens’ mobility business including its rail traction drives business with Alstom.
Alstom Brazil is making the technology transfer for the manufacture of X’Ttrapolis Mega trains to South Africans, following the contract activities already in execution with PRASA (Passenger Rail Agency of South Africa) for the modernization of the rail industry in South Africa.
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