|Author (Corporate)||Cardiff EDC|
Reports and information concerning the proposed acquisition of Bombardier Transportation by Alstom and the investigation conducted by the European Commission under the EU's Merger Regulation.
Alstom is a company based in France, which is active worldwide in the rail transport industry. Bombardier Transportation is the global rail solutions division of Bombardier, a diversified industrial group based in Canada. Both enterprises are global leaders in rail transportation and have a wide product portfolio. They also compete in the manufacture and supply of very high speed, mainline and urban rolling stock, as well as mainline and urban signalling solutions.
Alstom announced in February 2020 the signing of a Memorandum of Understanding in view of the acquisition of Bombardier Transportation. The proposed transaction was notified to the European Commission on 11 June 2020, which proceeded to conduct an assessment under the European Union's Merger Regulation. The investigation found that the transaction, as initially notified, would have raised serious competition concerns in several areas. Alstom offered a set of commitments to address the Commission's concerns, which were improved following feedback received by market participants.
The Commission decided on 31 July 2020 to approve the acquisition, which was nonetheless conditional on full compliance with the commitments package offered by Alstom.
|Subject Categories||Business and Industry, Internal Markets, Mobility and Transport|
|Subject Tags||Competition Law | Policy, Manufacturing, Rail Transport, Transport Infrastructure|
|Keywords||Mergers and Acquisitions
|Countries / Regions||Canada, France|
|International Organisations||European Union [EU]|