The European Commission has cleared Alstom’s proposed takeover of Bombardier Transportation, subject to four conditions that Alstom had itself suggested:
- A transfer of Bombardier Transportation’s contribution to the V300 ZEFIRO very high-speed train and an offer of IP licence to Hitachi for the train co-developed by Hitachi and Bombardier Transportation for use in future very high-speed tenders in the UK;
- The divestment of the Alstom Coradia Polyvalent and the Reichshoffen production site in France;
- The divestment of the Bombardier TALENT 3 platform and dedicated production facilities located within the Hennigsdorf site in Germany;
- Providing access to certain interfaces and products for some of Bombardier Transportation’s Signalling On-Board Units and Train Control Management Systems (TCMS).
The two organisations now need to finalise their plans, engage with employees and trade unions, and reach agreement with Hitachi and prospective purchasers of the Coradia Polyvalent and Talent 3 product lines.
Completion is now expected during the first half of 2021.