Alstom announced that it has completed the acquisition of a 51% share in South African rail company CTLE (Commuter Transport & Locomotive Engineering), specialized in the modernisation of trains, from CTE and IDC which remain shareholders.
The company has also revealed the new name of the company which is Alstom Ubunye and its new CEO Yvan Eriau, also Managing Director of Alstom South Africa.
Through this acquisition, which follows approval by the South African antitrust authorities, Alstom Ubunye’s structure will be reinforced and its portfolio broadened. Meanwhile, Alstom’s presence in South Africa is reinforced, to better address the country as well as Southern African region transport needs.
Alstom is now starting the integration of Alstom Ubunye which counts over 400 employees and 80,000m2 manufacturing facility. The acquisition will develop local competencies and the new company will benefit from Alstom’s technology and expertise. The integration will extend the activities of Alstom Ubunye which will include infrastructure, signalling, trains and components, as well as services to better address the region’s railway transport needs.
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