Having sold the remainder of its energy activities to GE on 2 November, Alstom is now entirely focused on rail transport.
Indeed, the proceeds from its energy-asset sale are being used to acquire GE’s signalling activities for around 700 million euros, which will strengthen its position as one of the global leaders in the rail industry.
The company’s chairman and CEO, Patrick Kron, said: “This is a major milestone in Alstom’s history. We have managed to secure a win-win deal with GE that protects the interests of employees and customers in the group’s energy businesses, while reinforcing Alstom’s positioning in the transport industry. Alstom today holds leadership positions in a globally growing rail market and is entirely focused on transport.”
Alstom has a strong track record in the UK rail industry, with recent successes including the renewal of its London Underground Northern Line contract and its fleet of Pendolinos on the West Coast Main Line.
Its railway systems, electrification and infrastructure capability have been demonstrated — either directly or in joint ventures — by Crossrail, Edinburgh to Glasgow electrification and HS1, for example.
Earlier this year, it bought out Balfour Beatty’s 50% share in Signalling Solutions, of which it is now the sole owner.