Alstom takes over Deutsche Bahns (DB) shares in the Alstom locomotives service joint venture in Germany
Alstom and DB Mobility Network Logistics AG have signed a contract for the takeover of the 49% stake held by DB Mobility Network Logistics AG in the Alstom Lokomotiven Service GmbH joint venture in Stendal (Germany). Alstom Deutschland GmbH, who was holding a 51% stake since the creation of the JV in 2002, now becomes the sole shareholder.
Alstom Lokomotiven Service GmbHs activity is based in Stendal, which counts more than 200 employees. In close cooperation with the Braunschweig site, the Stendal site works on locomotive renovation and shunting locomotives, trams, regional trains, bogies and other maintenance components from all manufacturers. Over the last 11 years, it has supplied more than 300 locomotives of V100 class to private operators.
Both partners emphasized the success of the joint work carried out over the past years. Klaus Hiller, head of the Train Life Services Department within Alstom Transport Germany, stated: The business model of the Stendal site has proven itself to our customers. I am sure that in the coming decades we will see this historic site, founded in 1873, as a strong, flexible partner with advanced business ideas in this exciting market.
Alstom aims to develop in Stendal new environmentally friendly three-axle shunting locomotives with four different types of engine, including hybrid technology. After five years of development work and successful testing of the first prototypes, this innovative vehicle is designed for the industrial market and harbour railway systems. In addition to improved operational performance and flexibility, the locomotive will use up to 50% less fuel than modern vehicles (when comparing high performance hybrid shunting locos (700 kW) with similar performance hybrid diesel locos).
Linda Huguet Tel: +33 6 69 42 26 94