Alstom has completed the sale of its North American conventional signalling business to Knorr-Bremse AG.
The business was sold for a purchase price of approximately 690 million USD. This follows the binding agreement signed by the two companies on 19 April 2024.
The closing of this sale completes the execution of Alstom’s 2 billion EUR deleveraging plan to reinforce its balance sheet and stabilise its Investment Grade rating.
Alstom will now continue to serve the North American signalling market with communication-based train control (CBTC) and European train control systems (ETCS) solutions.
For this transaction, Crédit Agricole CIB served as Alstom’s financial advisor, while White & Case LLP acted as its legal advisor, Cleary Gottlieb Steen & Hamilton LLP was the antitrust advisor, and Accuracy provided financial due diligences.
