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72-476: Reichshoffen is home to CAF Reichshoffen railcar operations, formerly owned by Alstom . Vice-President of the CC du Pays de Niederbronn-les-Bains This Bas-Rhin geographical article is a stub . You can help Misplaced Pages by expanding it . Construcciones y Auxiliar de Ferrocarriles Construcciones y Auxiliar de Ferrocarriles ( Grupo CAF , lit.   ' Construction and Other Railway Services ' )

144-592: A cartel with other 7 international companies which colluded in tenders over Spanish rail infrastructure . In April 2014, two carriages of an Urbos 3 tram in Belgrade separated during passenger service, due to the cracking of screws connecting the cars. Half of the Belgrade tramway's CAF fleet were found to have been affected by similar cracking of screws in the two weeks prior to the incident. In March 2016, 19 British Rail Class 332 units were taken out of service after

216-463: A $ 16.9 billion offer, comprising a $ 13.5 billion value plus $ 3.4 billion cash. On 5 May, GE offered to buy one-fourth of the shares in Alstom's Indian power and distribution companies – Alstom T&D India and Alstom India – at 261.25 and 382.20 rupees a share (value US$ 278 million and $ 111 million respectively) subject to its bid for Alstom SA being successful. On 5 May 2014,

288-560: A 2003 deal in Indonesia valued at $ 118 million in particular. On April 13, 2013, Alstom senior executive Frédéric Pierucci was arrested at the John F. Kennedy International Airport in New York . He was accused of willful blindness of his company's suspected corruption and was imprisoned in a high security facility for 14 months and denied release on bail until the week of Alstom's acquisition by

360-529: A 51% shareholding in Linke-Hofmann-Busch from Salzgitter AG . In 1995, the company acquired the remaining shares in the steam turbine manufacturer MAN Energie . In early 1998, GEC Alsthom acquired the electrical contractor Cegelec , renaming it Alstom Power Conversion . In 1998, GEC Alsthom bought Italian firm SASIB 's rail signalling subsidiary Sasib Railways , which included the former General Railway Signal (USA). In June 1998, GEC Alsthom

432-520: A consortium of Alstom ( Alstom Wind ), EDF , and DONG Energy was awarded three major French offshore wind farm contracts, the company initiated construction of factories at Cherbourg-en-Cotentin (turbine blades in association with LM Power , also wind turbine towers) and Saint-Nazaire (Nacelles and generators). Also in 2012, the company formed a joint venture with RusHydro to manufacture hydropower equipment for small and medium power hydropower plants. (up to about 100MW.) Late in 2012, to further

504-613: A consortium, JNET, together with the Israeli company Shapir Engineering and Industry, has won a tender promoted by the Israeli Ministry of Transport and Road Safety to supply railway equipment, in addition to building, extending and operating light rail lines from Jerusalem to nearby settlements in disputed territories , in violation of the Fourth Geneva Convention. In turn, Shapir is on the list of companies that benefit from

576-600: A crack was discovered in the underframe of one unit during routine maintenance. In December 2017, the Besançon Tramway in Besançon , France discovered cracks in their Urbos 3s vehicles around the bogie box area of the bodies, which in December 2020 CAF paid for remedial work to be performed with each unit affected requiring one month downtime for the work to be completed. In January 2019, BM3 number 1322-2322 "Putna" of

648-559: A design flaw inherited from the acquisition of ABB 's turbine business, in addition to losses in other business sectors. In 2014, General Electric (GE) announced that it reached a deal to purchase Alstom's power and grid divisions for US$ 17 billion (€12.4 billion). The deal came under heavy scrutiny from French regulators who saw the business as a strategically important domestic industry. To secure approval, GE agreed to form joint ventures with French companies in power generation and transmission, Alstom's heavy gas turbine business

720-403: A further 10% stake from shareholder Bouygues and an option to form a rail transport joint venture. On 19 June, GE revised its bid, matching the same price with a lower cash transaction value; it also proposed forming a joint venture of their renewable, electric grid, steam turbine and nuclear power businesses. GE announced a memorandum of understanding between the two firms in the rail sector and

792-588: A greater product overlap and thus a greater risk to jobs, along with potential issues with EU competition regulators. Siemens' offer was characterised as "defensive", being skeptically received by investors and analysts. On 29 April, Reuters reported that Alstom's board had accepted a €10 billion bid by GE for its energy division; In a letter from GE executive Jeffrey R. Immelt to President François Hollande published in Les Echos , Immelt gave assurances about continued investment in Alstom's French activities,

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864-463: A joint venture of Alstom and Gibela began construction of a new 60,000 square metres (650,000 sq ft) train building factory in Dunnotar , outside of Johannesburg , South Africa . Initial orders for the factory included 580 X'Trapolis Mega passenger trains for Passenger Rail Agency of South Africa under a €4 billion contract that was awarded in 2013. In September 2016, Alstom announced it

936-473: A proposal to merge with Siemens Mobility , the rolling stock division of German conglomerate Siemens ; this merger was promoted as the creation of "a new European champion in the rail industry". The combined rail business, which was to have been reportedly named Siemens Alstom and headquartered in Paris, would have $ 18 billion U.S. in revenue and employ 62,300 people in more than 60 countries. During November 2018,

1008-591: A reported cost of €54 million. As a consequence of an alignment agreement between Transmashholding and another entity, LocoTech-Service , Alstom's stake in the former decreased to 20% in August 2018. In 2011, Alstom and the Iraqi government signed a memorandum of understanding regarding the construction of a new high-speed rail line between Baghdad and Basra . In 2012, Alstom opened construction of factories at Sorel-Tracy , Quebec, Canada (passenger rail vehicles). After

1080-678: A result of an agreement made between CAF and the Welsh Government . The Newport factory has built stock for Transport for Wales , Arriva Rail North , the Docklands Light Railway , and potentially High Speed 2 if CAF win the bid process. They also donated £150,000 to the Conservative Party . CAF Signalling was fined in 2021 with 1.7 million euros by the Spanish commission on markets and competition because of its participation in

1152-550: A variant of their TGV family specially designed for traversing the Channel Tunnel between the UK and France. Although collectively operated by Eurostar , the type was ordered by three different railway companies: 16 by SNCF , four by NMBS/SNCB , and 18 by British Rail , of which seven were shortened North of London sets. The first Class 373 set was completed at GEC Alstom's Belfort facility during 1992. In 1994, GEC Alsthom acquired

1224-664: A yaw damper bracket had detached from the body of unit 195121. On June 11, 2021, West Midlands Metro (operating between Birmingham and Wolverhampton , England ) were forced to suspend their services due to cracks being discovered in the bogie box areas of their Urbos 3s vehicles, with ongoing investigations continuing to identify any other issues relating to the cracks and to find options for remedial works to be performed. Full service only began once more in February 2022. On June 24, 2021, Flytoget were forced to withdraw their entire CAF Oaris fleet after 19 days of service due to

1296-401: A €700 million deal), refocused on rail transport. Due to the acquisition, GE accrued $ 17.3bn of goodwill, consisting of Alstom's negative book value of $ 7.2bn at the time of acquisition and the $ 10.1bn purchase price. In October 2018, GE wrote-off $ 23bn from the value of its power industry division, largely attributed to the Alstom purchase. In November 2015, Alstom was awarded a contract by

1368-483: Is a Spanish publicly listed company which manufactures railway vehicles and equipment and buses through its Solaris Bus & Coach subsidiary. It is based in Beasain , Basque Autonomous Community , Spain . Equipment manufactured by Grupo CAF includes light rail vehicles, rapid transit trains, railroad cars and locomotives , as well as variable gauge axles that can be fitted on any existing truck or bogie . Over

1440-433: Is active in the fields of passenger transportation, signaling, and locomotives, producing high-speed, suburban, regional and urban trains along with trams. The company and its name (originally spelled Alsthom) was formed by a merger between the electric engineering division of Société Alsacienne de Constructions Mécaniques (Als) and Compagnie Française Thomson-Houston (thom) in 1928. Significant acquisitions later included

1512-643: The Bucharest Metro crashed in Metrorex's Berceni underground workshops, currently concessioned by Alstom under a long maintenance contract. The year long investigation by the AGIFER proved that the TCMS software was at fault. As of 2024, legal battles between Metrorex/Alstom and CAF are still carried. In April 2021, 22 British Rail Class 195 Civity units were temporarily removed from service after routine maintenance revealed

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1584-452: The French : Constructions Électriques de France , Tarbes; a manufacturer of electric locomotives as well as electrical and hydraulic equipment. In 1969, Compagnie Générale d'Électricité (CGE) became the majority shareholder of Alsthom. In 1976, Alsthom merged with Chantiers de l'Atlantique , becoming Alsthom Atlantique. Thus, the business expanded into marine. The next year, it constructed

1656-728: The Prevention of Corruption Act 1906 and Criminal Law Act 1977 . Further charges were brought in late 2014 by the SFO in relation to corrupt practices used to obtain energy contracts in Lithuania. Additional charges relating to contracts for the Budapest Metro in Hungary were added in April 2015. In December 2018, three executives of Alstom were found guilty of conspiracy to corrupt following an investigation by

1728-644: The Sydney L1 Dulwich Hill Line would be decommissioned for up to 18 months, due to serious design flaws in all 12 of the CAF Urbos 3s tram sets that were running on the line. Stokes stated that the flaws (in the bogie boxes) were likely to be far broader in scope than those identified in Sydney due to the thousands of the same tram type operated around the world. In March 2022, the West Midlands Metro

1800-552: The 1,067.2 kilometres (663.1 mi) from Calais to Marseille in 3 hours and 29 minutes. In 1986, Alsthom Belfort received an order from EDF for the largest gas turbine in the world (212 MW). In 1988–89, holding company CGEE Alsthom acquired ACEC Énergie (hydroturbines and electrical equipment for the nuclear industry) and ACEC Automatisme (automation) from the dissolution of Belgian electrical engineering company ACEC . Alsthom acquired 100% of ACEC's transport division, renaming it ACEC Transport . In early 1989, GEC Alsthom

1872-510: The 20 years from the early 1990s, CAF benefited from the rail investment boom in its home market in Spain to become a world player with a broad technical capability, able to manufacture almost any type of rail vehicle. CAF has supplied railway rolling stock to a number of major urban transit operators around Europe, the US, South America, East Asia, India, Australia and North Africa. CAF was an acronym for

1944-511: The 2020 project for 31 trains for the FEVE narrow-gauge lines in the northern regions of Cantabria and Asturias, Spain, asked for a carriage width that would not fit through the existing 19th-century tunnels. The change in specifications will delay the established delivery date of October 2024 by two years to 2026. In July 2023, body cracks were discovered in four British Rail Mark 5A "Nova 3" carriage sets, leading to daily inspections of all sets and

2016-669: The Belfort plant's closure in the short to medium term. In June 2017, Alstom opened the largest train modernisation facility in the UK at Halebank on the outskirts of Liverpool . Initial work involved the repainting of the Class 390 Pendolino s. On 12 November 2024, Alstom announced on their official website that the first of 35 fully automated metropolis trains has been delivered to Taiwan . The four-car stainless-steel train can carry up to 700 passengers, including 108 seated, with speeds up to 100 km/h. On 26 September 2017, Alstom announced

2088-569: The Constructions Électriques de France (1932), shipbuilder Chantiers de l'Atlantique (1976), and parts of ACEC (late-1980s). A merger with parts of the British General Electric Company formed GEC Alsthom in 1989. Throughout the 1990s, the company expanded its holdings in the rail sector, acquiring German rolling stock manufacturer Linke-Hofmann-Busch and Italian rail signaling specialist Sasib Railways. In 1998, GEC Alsthom

2160-618: The European Commission voiced its concerns surrounding the proposed merger of the two companies, particularly that the combined entity would be too dominant in the European market; alleged impacts from such dominance included potential increases in passenger fares and cargo fees. Furthermore, a series of popular protests concerning the financial reforms of both the French territorial railway infrastructure and SNCF occurred. The proposed merger

2232-585: The European Commission's competition authority for the approval of the 2021 takeover of Bombardier Transportation by Alstom . CAF U.S.A., a wholly owned subsidiary of CAF, was incorporated in 1998 and is based in Elmira, New York . It manufactures rolling stock for the North American market at a plant in Elmira that the company acquired from ADtranz in 2000. The company from Beasain continued its expansion during

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2304-419: The French government stated it did not back GE's bid, citing concerns on the future of Alstom's rail division as a smaller separate entity, suggesting that GE transfer its own rail division to Alstom; other concerns were over the civil nuclear field's national independence, and French jobs. On 14 May, France issued a decree ( Décret n° 2014-479 du 14 mai 2014 . ), nicknamed " décret Alstom ", extending to power of

2376-507: The French government's 21% holding in Alstom for €2 billion. Later that year, Bouygues elected to increase its shareholding in the firm to 24%. In 2007, the TGV POS set the world speed record for rail vehicles of 574.8 kilometres per hour (357.2 mph). In March, Alstom acquired Power Systems Manufacturing LLC ( Florida , USA) a manufacturer of gas turbine components from Calpine Corporation for $ 242 million. In June, Alstom acquired

2448-752: The French state agreed terms with Bouygues, buying a 20% stake in Alstom from Bouygues at a 2–5% discount on a minimum value of ≈€35 per share. Initially, the acquisition was expected to be finalised by early 2015. In early 2015, the EU Competition Commission began examining the deal. Both EU and US competition regulators approved the deal by September 2015, subject to the divestiture of Alstom's large and very large gas turbine (GT26 and GT36 models) manufacturing and service business; and its GE7FA gas turbine aftermarket parts subsidiary business, Power Systems Mfg. LLC (PSM), to another company, Ansaldo Energia . The sale of Alstom's energy division to GE

2520-656: The Indian Railways to construct an electric locomotive factory in Madhepura ( Bihar ), receiving an initial order of 800 twin-section 9MW locomotives for use on the Eastern Dedicated Freight Corridor , valued at ₹190 billion (about US$ 2.9 billion). This factory was to be operated under a joint venture with the Ministry of Railways (26%) at a cost of ₹ 13 billion (roughly US$ 200 million). In September 2015, it

2592-554: The SFO into allegations of several Lithuanian politicians and officials being offered bribes in return for securing contracts. In February 2020, the United Nations published a database of all business enterprises involved in certain specified activities related to the Israeli settlements . Alstom has been listed on the database in light of its involvement in activities related to "the provision of services and utilities supporting

2664-674: The Spanish RENFE and in 2005, high-speed trains were exported for the first time (to Turkey). In 2018, CAF took over the Polish bus manufacturer Solaris. The company also acquired the Talent 3 platform from competitor Bombardier Transportation in 2022, as well as the Coradia Polyvalent platform and the plant in Reichshoffen from train manufacturer Alstom . This was a condition imposed by

2736-608: The Spanish wind turbine manufacturer Ecotècnia, renamed as Alstom Ecotècnia (since 2010 Alstom Wind ). The company also adopted a new graphic chart (logo, corporate identity) using "alstom" as its trading name, reserving "Alstom SA" for legal documents. In 2009, Alstom acquired a 25% stake in the Russian locomotive manufacturer Transmashholding . Six years later, Alstom decided to increase its shareholding in Transmashholding to 33% at

2808-712: The US conglomerate General Electric . In late 2014, Alstom was fined $ 772 million by the DOJ, and admitted guilt under the Foreign Corrupt Practices Act in relation to bribes paid to obtain contracts in various countries. In mid-2014, Alstom Network UK was charged by the UK Serious Fraud Office (SFO) in relation to corruption offences alleged to have been committed when obtaining transportation contracts in India, Poland and Tunisia, covered under sections 1 of

2880-479: The company bought out ABB's share in the former joint venture ABB Alstom Power. In 2000, Alstom sold its diesel engine businesses ( Ruston , Paxman , and Mirrlees Blackstone ) to MAN Group . It also acquired a 51% stake in Italian rail manufacturer Fiat Ferroviaria , a world leader in tilting technology. In April 2003, Alstom sold its industrial turbine business to Siemens for €1.1 billion. By 2003, Alstom

2952-730: The company signed a letter of agreement to purchase the transportation division of the financially struggling Bombardier Inc. The purchase was finalized in January 2021. Alsthom was founded in 1928 from the merger of French heavy engineering subsidiary of the Thomson-Houston Electric Company – the Compagnie Française Thomson Houston, CFTH – and the Société Alsacienne de Constructions Mécaniques . In 1932, Alsthom expanded into transportation by acquiring

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3024-402: The company's competitiveness and intensified the focus on in-house technology. In 1971, the existing Compañía Auxiliar de Ferrocarriles (CAF) merged with Material Móvil y Construcciones (MMC) and the company adopted its current name Construcciones y Auxiliar de Ferrocarriles . Since the early 1990s, CAF has also been active internationally. In the early 2000s, CAF supplied high-speed trains to

3096-703: The development of its tidal energy business, Alstom acquired Tidal Generation Ltd from Rolls-Royce , however this was later sold to GE in 2015 as part of the sale of Alstom's energy business. In November 2013, Alstom announced it planned to raise €1 to €2 billion through sale of some non-core assets, plus the possible sale of a stake in Alstom Transport, and cut 1,300 jobs. In 2014, Alstom sold its steam auxiliary components activities (air preheaters and gas-gas heaters for thermal power, other industrial heat transfer equipment, and grinding mills) to Triton Partners for €730 million. In November 2014 Alstom

3168-466: The diesel locomotive manufacturer Meinfesa to Vossloh , and Alstom Power Rentals to APR LLC. Six years later, Alstom re-acquired the electric power transmission division of Areva. In 2005, the former Metro-Cammell rail vehicle works in Washwood Heath closed. In the same year, Alstom sold its Australian subsidiary, Alstom Transport Australia and New Zealand, to United Group , which became part of

3240-569: The discovery of cracks in the chassis. The first unit was returned to service after modifications to the cracked part on the 9th of January, 2023. By the end of June 2023, two years after the withdrawal, six out of eight units had been returned to service. In the meantime, CAF has paid an unknown amount to Flytoget in compensation. Following on from these instances, in November 2021 the New South Wales transport minister Rob Stokes announced that

3312-476: The earlier name of Compañía Auxiliar de Ferrocarriles , as well as for Construcciones y Auxiliar de Feres . In 1860, Domingo Goitia, Martín Usabiaga and José Francisco Arana established this company, whose main activity was puddling furnaces and cylinder rolling. In 1892, Francisco de Goitia (Domingo Goitia's son and heir) joined the Marquess of Urquijo to set up La Maquinista Guipuzcoana , whose main activity

3384-579: The expansion of activity after the Spanish Civil War (CAF took part in reconstructing the Spanish rail fleet). In 1954, CAF took over Material Móvil y Construcciones (MMC) from Zaragoza ( Aragon ), a company with extensive experience in manufacturing long-distance and subway trains. Since 1958, the company has modernized and enlarged its Beasain plant and expanded its activity to include all kinds of rolling stock. In line with this, in 1969 CAF created its Research and Development Unit, which increased

3456-502: The first 1300 MW generator set for the Paluel Nuclear Power Plant , setting a world record with an output of 1500 MW. In 1978, Alsthom delivered its first TGV to SNCF . The TGV went on to break world rail speed records in 1981 (at 380 kilometres per hour (240 mph)) and in 1990 (at 515.3 kilometres per hour (320.2 mph)). It also set the world endurance record for high-speed train lines in 2001, travelling

3528-537: The latter's UGL Rail division. Alstom would restart its manufacturing operations in Australia by the early 2010s. In 2006, Alstom sold its Marine Division to the Norwegian group Aker Yards , with a commitment to retain 25% of the shares until 2010; it also sold Alstom Power Conversion, which became Converteam , in a leveraged buy-out deal funded by Barclays Private Equity France SAS. In June 2006, Bouygues acquired

3600-501: The maintenance and existence of settlements" and "the use of natural resources, in particular water and land , for business purposes". On 5 July 2021, Norway 's largest pension fund KLP said it would divest from Alstom together with 15 other business entities implicated in the UN report for their links to Israeli settlements in the occupied West Bank. On 24 April 2014, unconfirmed reports claimed that US conglomerate General Electric (GE)

3672-554: The marine market. Alstom's share price had dropped by 90% over two years. European competition commission law required Alstom to sell several of its subsidiaries, including its shipbuilding and electrical transmission assets, when it accepted a €3.2 billion rescue plan involving the French state. In 2004, the French state took a 21% stake in Alstom for €772 million and Alstom received an EU-approved bailout worth in total €2.5 billion. The company sold its electrical transmission and distribution ("grid") activities to Areva ,

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3744-562: The occupation in the Occupied Palestinian Territories, as denounced by the United Nations Human Rights Council. For FEVE , now part of Renfe Operadora : For Euskotren : For Serveis Ferroviaris de Mallorca : For other operators: For Madrid: For Barcelona: For Helsinki: For Bucharest: For Amsterdam: For Brussels: CAF Rolling Stock U.K. Ltd announced in 2017 its UK factory location

3816-442: The proposed merger with Siemens. On 6 February 2019, the planned merger between the two companies was vetoed by the European Commission. In response to this ruling, Alstom's Chief Executive Officer Henri Poupart-Lafarge stated that he viewed the decision to block the merger was a result of "ideological prejudices". In mid-February 2020, Alstom announced that it had signed a Memorandum of Agreement to buy Bombardier Transportation ,

3888-630: The sale of GE's rail signalling unit to Alstom. On 20 June, Siemens and MHI modified their bid, with MHI increasing its stake in Alstom's steam, hydro, and grid businesses to 40% in all three (total €3.9 billion) while Siemens increased its offer by €400 million to €4.3 billion. Subsequently, Economy minister Arnaud Montebourg stated he would block both bids, but the French government backed GE's offer and had given GE more specifications on commitments and guarantees; it also intended to buy two-thirds of Bouygues' shareholding (20%). The next day, Alstom's board backed GE's revised bid. On 22 June,

3960-421: The security of the civil nuclear sector, and on job commitments made by Alstom Wind , whilst making its wind activities available to investors. On 30 April, Alstom confirmed that an offer for its power and grid divisions (representing an equity value of €12.35 billion, €11.4 billion enterprise value ) was under review with key interests including the French state. On 30 April, GE confirmed it had made

4032-762: The state to veto the takeover of "strategic interests" into areas of energy supply, water, transport, telecoms and public health. Both the French employer organisation MEDEF and the European Commissioner for Internal Market and Services ( Michel Barnier ) responded negatively to the decree. On 16 June, Siemens and Mitsubishi Heavy Industries (MHI) submitted a competing offer for Siemens to acquire Alstom's gas turbine activities for €3.9 billion while MHI would form joint ventures with Alstom, acquiring 40%, 20% and 20% stakes in Alstom's steam and nuclear, electrical grid, and hydroelectric businesses respectively, for €3.1 billion. The proposal included an offer to buy

4104-413: The temporary withdrawal of five sets from service. That August, the operator TransPennine Express confirmed its intention to cease usage of all sets from the December 2023 timetable change. During the 2019 United Kingdom general election , CAF Rail UK Limited made a donation of £50,000 to the Conservative Party . In 2019, it entered into litigation that affects its corporate image. Participating in

4176-582: The third millennium. On 24 May 2019, it announced the acquisition of the Swedish company Euromaint at a cost of circa €80 million, following other international contracts to supply Flemish and English railway and underground networks in 2017. CAF Rolling Stock U.K. Ltd. is the CAF subsidiary in the United Kingdom. Its factory is based at Celtic Springs Business Park, at Llanwern steelworks near Newport, Wales as

4248-566: Was again forced to suspend its services due to the discovery of more cracks, this time on the bodywork of the trams. On February 17, 2023, the Department of Transportation of the Philippines revealed that nearly 80 of the new light rail vehicles for Manila's LRT Line 1 cannot be used due to water leaks in the cars. Fortunately, these issues were eventually resolved, enabling the entire fleet to be utilized. In February 2023, CAF revealed that

4320-565: Was announced that Amtrak would award Alstom a contract for $ 2.5 billion for the next generation high-speed train sets for the Northeast Corridor . This would result in the creation of 750 jobs across upstate New York with 400 direct manufacturing jobs at Alstom. The order for 28 Avelia Liberty trainsets was officially confirmed in August 2016 by Amtrak. These trainsets are manufactured at Alstom's plant in Hornell, New York . In March 2016,

4392-466: Was awarded a $ 429.4 million contract to modernise 85 trains for the Mexico City Metro system. Starting in 2009, Alstom's practices were questioned by the United States Department of Justice (DOJ), which violated the 1977 Foreign Corrupt Practices Act . This American law has extraterritorial scope. At the time, Alstom seemed to cooperate with the proceedings. In 2010, the DOJ opened an investigation into Alstom's commercial practices, focusing on

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4464-401: Was facing a financial crisis caused by a mix of poor sales and over $ 5 billion of debt liabilities. It reportedly had the potential to force the company's liquidation. These heavy debts were largely due to a $ 4 billion charge over a design flaw in a turbine developed by ABB , acquired by Alstom in 2000, as well as the collapse of customer Renaissance Cruises amid a general downturn in

4536-403: Was finalised on 2 November 2015; the final valuation being €12.4 billion, of which €9.7 billion was transferred to Alstom, the remainder being reinvested in GE/Alstom joint ventures plus other corrections. The acquired businesses were reorganised within GE's existing power generation business ( GE Power & Water ) as GE Power . The remainder of Alstom Group, including GE Signalling (acquired via

4608-410: Was formed from a 50–50 merger of Alsthom and the Power Systems Division of the British General Electric Company ; for Alsthom this move was intended to aid Alsthom in selling its products outside the French market. In May of that year GEC Alsthom bought British rail vehicle manufacturer Metro-Cammell . During the early-1990s, GEC Alsthom was the principal manufacturer of the British Rail Class 373 ,

4680-481: Was in acquisition talks with Alstom for $ 13 billion with the support of 29%-shareholder Bouygues, causing Alstom's share price to rise 18% in one day. On 27 April, Le Figaro reported that a rival 'cash plus asset swap' offer was issued by Siemens , trading Alstom's power business for part of its rail arm, plus a cash offer as good as GE's and job guarantees. Siemens' bid was reportedly promoted by French economic minister Arnaud Montebourg . Siemens and Alstom had

4752-604: Was listed on the Paris Stock Exchange and, later that year, it was rebranded Alstom. At the time, the company was manufacturing railway rolling stock, power generation equipment and ships. In 2003, the company required a €3.2 billion bailout from the French government. As a result, Alstom was compelled to dispose of several of its divisions, including shipbuilding and electrical transmission to Areva , in order to comply with European Union rules on state aid . In 2004, Alstom remained in financial difficulties, having incurred massive unexpected costs (€4 billion) arising from

4824-486: Was listed on the Paris Stock Exchange ; both GEC and Alcatel elected to sell off part of their stakes (23.6% each). Around this time, the company was officially renamed Alstom . In 1999, Alstom bought half of ABB 's power systems division, forming a 50-50 joint company known as ABB Alstom Power. Alstom also bought Canada's Télécité, a passenger information and security solutions company, and sold its heavy-duty gas turbine business to General Electric . The next year,

4896-490: Was selected as Celtic Business Park at Llanwern steelworks in Newport , Wales . It has at least five confirmed UK projects from 2019 onwards and would have been the construction site for their unsuccessful bid to deliver stock for High Speed 2 . The site was funded with support from the Welsh Government Inward Investment Programme. Alstom Alstom SA is a French multinational rolling stock manufacturer which operates worldwide in rail transport markets. It

4968-420: Was sold to Ansaldo Energia , and GE agreed to sell Alstom's rail signalling business. The deal was finalised in November 2015; since then, Alstom has been operating solely in the rail sector. In an attempt to grow its rail business, in late-2017, Alstom announced a proposed merger with Siemens Mobility . However, in February 2019, the European Commission prohibited the merger. Subsequently, in February 2020,

5040-407: Was the operation of machinery and the forging and construction of railway rolling stock. In 1898, it set up its plant in Beasain , Gipuzkoa . In 1905 it changed its name to Fábrica de Vagones de Beasain (FVB). Compañía Auxiliar de Ferrocarriles (CAF) was founded in 1917, specializing in freight car production and with a total of 1,600 employees. In 1940, the Irun factory was set up, following

5112-470: Was to cease locomotive manufacturing at its Belfort (France) site by 2018 due to low orders; remaining production activity was to be transferred to its facility of Alstom DDF in Reichshoffen , Alsace . However, during October 2016, the French state placed an order of about €650 million for 15 TGV Euroduplex trains; an order for 20 locomotives; plus an order for 30 intercity trains to be built at Reichshoffen. Together, these orders were sufficient to prevent

5184-464: Was viewed by some as a measure to counter the rise of rival Chinese rail business CRRC ; it reportedly received support from many figures within both the French and German governments. The transaction, which was originally due to close by the end of 2018, was met with opposition by French trade union officials who voiced their concerns that such a merger would have the potential for job losses. On 17 July 2018, Alstom shareholders overwhelmingly approved

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