Alstom divests North American conventional signaling business to Knorr-Bremse AG for $671 million, focusing on key growth and innovation
Alstom has announced the sale of its North American conventional signaling business to Knorr-Bremse AG for approximately $671 million. This transaction is part of Alstom’s comprehensive company action plan, which was announced on November 15, 2023. According to a press release from Alstom, this sale marks a significant milestone in the company’s efforts to maintain a solid and sustainable investment grade rating and achieve its deleveraging target.
The conventional part of the North American signaling business being sold generated revenue of about $320 million in fiscal-year 2023. By divesting this business, Alstom is focusing on key areas of growth and innovation while streamlining its operations. The company remains committed to providing top-notch signaling solutions to customers while enhancing its overall market position.
This strategic move by Alstom allows the company to continue serving the North American signaling market in different segments, including communications-based train control and European train control systems. The sale to Knorr-Bremse AG highlights Alstom’s commitment to adapt and evolve in a rapidly changing industry landscape. By divesting its North American conventional signaling business, Alstom positions itself for future growth and continued success in the rail industry. This transaction demonstrates Alstom’s dedication to driving value for all stakeholders while maintaining a strong financial position and strategic focus.
