Buy Bombardier to better innovate - The Canadian
Monday, November 23

Buy Bombardier to better innovate


The acquisition by Alstom of Bombardier Transport, approved Thursday by the shareholders of the French giant, will allow the development of the hydrogen train and the autonomous train to continue, in addition to facing increased competition from the company of CRRC Rail State.

This is what Henri Poupart-Lafarge, CEO of Alstom, said in an interview with the French television channel BFMTV.

The latter reviewed the motivations behind the acquisition of Bombardier for approximately US $ 6.2 billion by the French multinational Alstom.

“It is a magnificent operation, a magnificent adventure necessary in today’s world, necessary to allow innovation, to allow the emergence of sustainable mobility,” he said Thursday.

Henri Poupart-Lafarge insisted that Bombardier’s arrival was not just to compete with Chinese manufacturer China Railway Rolling Stock Corp (CRRC). “This is not the only goal of the merger. We are not just in a game with CRRC, ”he explained.

“What we want is to be able to provide our customers, operators […] new solutions, ”he stressed.

“We are working to reduce the energy consumption of electric trains, of our conventional trains,” he added. For non-electrified lines, we have brought a fuel cell-based solution to the market. We are the only ones doing it, we have trains running in Germany which are working extremely well. “

In this case, Alstom uses liquid hydrogen to provide traction for trains. “The tank is on the train, the fuel cell is on the train and, thanks to that, we have an operation which is extremely similar to that of a diesel train: same range, same performance”, explained the manager.

He also approached the site of the autonomous train, on which CRRC is ahead. “Train autonomy saves energy and allows greater flexibility,” added Henri Poupart-Lafarge.

As a reminder, Bombardier will receive approximately US $ 4 billion from Alstom for its transport division.

In addition, during the general meeting where the shareholders gave the green light to the acquisition of Bombardier Transport, the appointment of Kim Thomassin of the Caisse de dépôt et placement du Québec (CDPQ) and of Serge Godin as directors of ‘Alstom has been approved.


www.journaldemontreal.com

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