Alstom

Alstom

Alstom board to discuss buying Bombardier rail unit - sources

Alstom, a leading player in the rail industry, is set to discuss the potential acquisition of Bombardier's rail unit, according to sources. The board meeting is scheduled for late Wednesday, where the executives will deliberate on the merits of the purchase.

With this proposed acquisition, Alstom aims to further strengthen its position in the rail market. Bombardier's rail unit, known for its expertise in manufacturing and supplying rail transportation solutions, would be a valuable addition to Alstom's portfolio.

This strategic move by Alstom demonstrates its commitment to expanding its business and enhancing its capabilities. By considering the acquisition of Bombardier's rail unit, Alstom aims to leverage its industry expertise and capitalize on the potential synergies between the two companies.