Alstom has signed a sale and purchase agreement for the acquisition of Bombardier Transportation.Photo – Alstom
Alstom has signed a sale and purchase agreement with Bombardier Inc. and Caisse de depot et placement du Quebec (CDPQ) for the acquisition of Bombardier Transportation. The price range for the acquisition of 100 percent of Bombardier Transportation shares was revised and reduced by $355 million to be between $6.5 billion to $6.98 billion. The proceeds are likely to amount to up to $6.3 billion, Alstom officials said in a press release. Following positive progress on an antitrust regulation process, the closing of the transaction is expected for first-quarter 2021.
Transdev promoted Laura Hendricks to chief executive officer of Transdev U.S. Hendricks previously served as president of Transdev Services. Prior to joining Transdev in 2019, she held executive leadership roles at Coach America, Paint Drop, Merry Maids, Cintas and FedEx. Hendricks succeeds Dick Alexander, who has served in the role on an interim basis since March. Alexander was named special adviser to Thierry Mallet, CEO of the global Transdev Group. In this role, he will focus on strategic projects aimed to expand the company’s global business via acquisitions and partnerships, Transdev officials said in a press release.