CCI approves acquisition of Canada-based Bombardier Transportation by Alstom

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The CCI also approved the acquisition of approximately 18% and 3% share capital of Alstom by CDPQ and Bombardier respectively

The Competition Commission of India (CCI) has given its nod on Saturday for the acquisition of sole control over Bombardier Transportation’s (Bombardier Transport) by Alstom in India.

The CCI also approved the acquisition of approximately 18 percent and 3 percent share capital of Alstom by Caisse de dépôt et placement du Québec (CDPQ) and Bombardier Inc (Bombardier) respectively, under Section 31(1) of the Competition Act, 2002.

Alstom is a French corporation globally active in the rail transport industry, offering a wide range of transport solutions.

In India, it manufactures and supplies, inter alia, signalling solutions, rail electrification, rolling stock (locomotives and metros), track works, maintenance services and it also provides associated construction and engineering services through its subsidiaries, including Alstom Manufacturing India Private Limited, Alstom Systems India Private Limited, Alstom Transport India Limited, and Madhepura Electric Locomotive Private Limited.

Bombardier is a Canadian corporation globally active in the business aircraft and the rail transport industries.

Bombardier Transportation is the global rail solutions division of Bombardier. It offers a wide range of rail solutions.

In India, Bombardier Transportation is engaged in the sale of rail vehicles, propulsion, control equipment and signalling solutions through its subsidiary Bombardier Transportation India Private Limited.

CDPQ is a global long-term institutional investor. It manages funds primarily for public and para-public pension and insurance plans. It invests in major financial markets, private equity, fixed income, infrastructure and real estate.

 

Image credit: Rail Journal

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