Alstom has signed a purchase agreement for the acquisition of Shunter, a leading services company in the area of rolling stock maintenance for freight and passenger transport in the Netherlands.
The completion of transaction is subject to the satisfaction of mutually agreed conditions. It is expected to occur by the second quarter of 2021.
This transaction will reinforce Alstom’s position in the Benelux maintenance market by combining both companies’ capabilities, solutions, and products to the benefit of railway operators. It will also reinforce Alstom’s global maintenance services with a physical presence in the Port of Rotterdam.
“The collaboration between Shunter and Alstom is not new. We have been working together for over 14 years. The integration of Shunter into an international group will bring us new possibilities with access to new markets. I am delighted to join Alstom and convinced that with our combined expertise we can satisfy our customers even better,” Jos Toes, Managing Director of Shunter said.
The Rotterdam – based company employs approximately 110 skilled people across three maintenance workshops and three services locations. The group offers its customers a broad and integrated package of services in the field of management and rolling stock maintenance for freight and passenger transport and on-board signalling solutions, including the performance of maintenance, damage repair and modifications. The activities are performed both in its workshops and on location.
Each year, Shunter carries out maintenance, overhaul, and damage repair on more than 1,000 cars.
The Shunter’s annual turnover in 2020 was around EUR 20 million.
Alstom operates in Benelux with two global competence centres dedicated to signalling and power electronics, two manufacturing sites, one for rolling stock and one for components, and several signalling project offices. The service activities are carried out through a network of locations to support customers with proximity.
“Shunter’s full maintenance expertise will complement Alstom’s knowledge and installed base in products and solutions. It will enable us to become an even stronger maintenance partner to our customers, increasing availability and reducing the total cost of ownership of their fleets,” Bernard Belvaux, Alstom Managing Director Benelux said.
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