ALSTOM and Durr reach an understanding for the sale of
ALSTOM automotive and painting systems
ALSTOM and Durr reach an understanding for the sale of
ALSTOM automotive and painting systems
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Dürr AG, Stuttgart, through its subsidiary Dürr
Systems GmbH, will acquire a 50 % stake in the automotive and
painting systems activity of ALSTOM, and will also take over
the management. Full acquisition of this activity will be
possible in March 2001. The participation and acquisition are
subject to the agreement of the relevant authorities.
ALSTOM Automotive and Painting Systems is one of the leading
suppliers of painting lines and assembly lines to the
automotive and general industries. It has operations in France,
Germany, the USA, Mexico, Brazil, Spain and Italy. It employs
approximately 650 people and has estimated sales of 210 million
euros for the fiscal year April 1999 to March 2000.
The Dürr Group is the world's leading supplier of
automobile paint finishing systems and manufacturing support
services to the automotive industry. With operations in over 20
countries, the Group achieved sales of about 1.05 billion euros
in 1998, and employs over 6500 people.
Pierre Bilger, Chairman and CEO of ALSTOM, commented: 'This
is a further step in our strategy of refocusing ALSTOM on its
primary mission: to be the world number 1 solution provider to
the energy and transport infrastructure market. We are also
confident that joining forces with the industry leader
Dürr is a sensible move for the employees and the
customers of ALSTOM Automotive and Painting Systems.'