Alstom has concluded the divestment of its Coradia Polyvalent platform, its Reichshoffen production site in France and its Talent 3 platform, currently developed in Hennigsdorf, Germany to CAF, as part of Bombardier Transportation divestment commitments.
The transaction is part of Alstom’s commitments to the European Commission in relation to the acquisition of Bombardier Transportation.
The scope of the acquisition includes several assets in France and Germany. More specifically, CAF will integrate the Reichshoffen manufacturing site, the Coradia Polyvalent platform with its associated project portfolio, as well as the intellectual property of the Talent 3 platform aimed at the German and central European markets together with related key engineering personnel.
Reichshoffen resources and personnel, with over 700 employees in the fields of engineering, sourcing and supply chain, project management, manufacturing and administration, have proven experience in railway projects for the most demanding customers as well as great potential which will allow the manufacture of a wide range of vehicles. Furthermore, its strategic location also makes it suitable for delivering to customers of other European markets.
Alstom says that to ensure a seamless transition, it will honour its remaining obligations under existing orders for Talent 3 and will operate in consortium with CAF to fulfil existing contracts for rolling stock delivery from the Reichshoffen site.
The Coradia Polyvalent platform is a platform prepared for international traffic, capable of reaching regional speeds of up to 160 km/h and interurban speeds in electric or bimodal traction that will provide CAF with a project portfolio worth approximately EUR 500 million. Among others, a relevant project with SNCF Voyageurs stands out, as well as other customer projects such as Hello Paris Services, Régie Autonome des Transports Parisiens (RATP) or L’Agence de the Promotion des Investissements et des Grands Travaux (Apix). The agreement reached guarantees the workload at the Reichshoffen site for the coming years.
In addition, the German perimeter of the agreement includes the intellectual property of the Talent 3 platform, capable of reaching regional speeds of up to 160 km/h even with electric traction, and the transfer of a related team of German engineers. This will boost CAF’s design and approval capabilities in the German and central European markets. Considering CAF’s current order book in Germany (VRR-NWL, Bonn, Essen, Freiburg, etc.) and pipeline of upcoming opportunities, these additional capabilities would complement the current existing ones.
The acquisition of these assets consolidates a new step in CAF’s growth and diversification strategy. The main appeal of these assets lies in the strengthening of CAF in the French market, adding local operational capabilities to those already existing at the Bagnères-de-Bigorre site in France. With this acquisition CAF intends to continue its consolidation as the second railway industrial manufacturer in France and at the same time boosts its activities in the German and central European markets. Both countries constitute highly relevant markets in terms of investment in mobility.
The transaction complies with all applicable social processes and consultations with employee representative bodies and was subject to regulatory approvals. Alstom wishes to thank the local teams for their ongoing contributions to its success over the last decades.
This milestone signals the completion of the divestment commitments to the European Commission for their clearance of the Alstom/Bombardier transaction. Recently, Alstom has completed the divestment of Zefiro very high-speed train business.