Alstom has agreed to transfer the business activities related to Bombardier Transportation’s contribution to the V300 Zefiro very high-speed train to Hitachi Rail.
The transaction is part of Alstom’s commitments to the European Commission in relation to Alstom’s acquisition of Bombardier Transportation with reference to the V300 Zefiro platform. On December 1st, Alstom discharged its divestment obligations as required by the Commission’s clearance decision.
The transaction will comply with all applicable social processes and consultations with employee representative bodies and is subject to regulatory approvals. Closing of the transaction is expected in the first semester of 2022.
For Hitachi Rail, the transaction consolidates the company’s commitment to the very high-speed rail market, especially Italy’s Frecciarossa 1000, and reinforces the strength of the company’s service and maintenance capabilities.
On July 31st, the European Commission has approved the acquisition of Bombardier Transport by Alstom under a commitments package proposed by the French rolling stock manufacturer. One of the four commitments included the divestment of Bombardier’s assets contributing to its joint very high-speed platform with Hitachi (the Zefiro V300).
Alstom will continue to honor its obligations under the existing orders for rolling stock from Trenitalia and Ilsa to ensure a seamless transition. Ilsa is one of the three private high-speed rail operators on Spanish market and it owned by Air Nostrum (55%) and Trenitalia (45%). In May 2020, the consortium signed with Adif a 10-year contract to provide transport services on the Madrid – Barcelona, Madrid – Valencia/Alicante and Madrid – Seville/Malaga rail routes. The operations are expected to start in the second half of 2022.
In August 2020, Trenitalia awarded a EUR 797 million contract to deliver Ilsa 23 Frecciarossa 1000 high-speed trains. 40 per cent is the share of Alstom (previously Bombardier Transportation) under this contract.
The Zefiro very high-speed train family was developed by Bombardier Transportation (now Alstom) to travel at a speed of 380 km/h offering maximum levels of comfort and capacity, low operating costs and diverse application options for different countries and railway networks.
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