Merger Case M.9779 | Merger of Alstom and Bombardier Transportation

Author Details
Author (Corporate)
Publication Date 2020
Content Type


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.

Further information:

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.

Related Links
Commentary and Analysis
International Rail Journal, 01/04/2020: Will Alstom’s second attempt to tie up with a major competitor succeed?

International Rail Journal, 17/02/2020: Alstom confirms Bombardier Transportation acquisition talks
Deutche Welle, 17/02/2020: France's Alstom agrees to buy Bombardier's train division
The Wall Street Journal, 17/02/2020: France’s Alstom to Buy Bombardier Train Unit
MarketWatch, 17/02/2020: Alstom confirms ralks to acquire Bombardier’s rail unit
Bloomberg, 17/02/2020: Alstom to Buy Bombardier Train Unit for Up to $6.7 Billion
Reuters, 09/07/2020: Alstom offers French factory sale to clinch Bombardier deal
France24, 31/07/2020: All aboard: EU approves Alstom's purchase of Bombardier rail unit
AP News, 31/07/2020: EU clears Alstom’s acquisition of Bombardier rail unit

European Commission: DG Competition: Public Case Register: M.9779 | Alstom / Bombardier Transportation
Alstom: Press Release, 17/02/2020: Acquisition of Bombardier Transportation: accelerating Alstom’s strategic roadmap
Bombardier Inc.: Press Release, 09/07/2020: Bombardier Confirms Support for Commitments Announced by Alstom as Part of Bombardier Transportation Acquisition
European Commission: Press Release, 31/07/2020: Merger Case M.9730 | Merger of Fiat Chrysler Automobiles and Peugeot
Alstom: Press Release, 31/07/2020: European Commission clears Alstom’s acquisition of Bombardier Transportation

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