Alstom SA is a French multinational rolling stock manufacturer operating worldwide in rail transport markets, active in the fields of passenger transportation, signalling, and locomotives, with products including the AGV, TGV, Eurostar, Avelia and New Pendolino high-speed trains, in addition to suburban, regional and metro trains, and Citadis trams.
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In 2004, Alstom was again in financial difficulties, having incurred massive unexpected costs arising from a design flaw inherited from the acquisition of ABB Group's turbine business, in addition to losses in other business sectors.
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Alstom bought Canada's Telecite, a passenger information and security solutions company, and sold its heavy-duty gas turbine business to General Electric The next year, it bought out ABB's share in ABB Alstom Power.
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European competition commission law required Alstom to sell several of its subsidiaries, including its shipbuilding and electrical transmission assets, when it accepted a €3.
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In 2010 Alstom re-acquired the electric power transmission division of Areva SA, which had previously been sold in 2004.
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Alstom was accused of willful blindness of his company's suspected corruption.
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Alstom was imprisoned in a high security prison facility for 14 months and denied release on bail until the week of Alstom's acquisition by the US conglomerate General Electric.
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Siemens and Alstom had a greater product overlap and thus a greater risk to jobs, along with potential issues with EU competition regulators.
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The remainder of Alstom Group, including GE Signalling, refocused on rail transport.
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In September 2016, Alstom announced it was to cease locomotive manufacturing at its Belfort site by 2018 due to low orders; remaining production activity was to be transferred to its facility of Alstom DDF in Reichshoffen, Alsace.
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In June 2017 Alstom opened the largest train modernisation facility in the UK at Halebank on the outskirts of Liverpool.
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On 26 September 2017, Alstom announced 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".
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Alstom has been listed on the database in light of its involvement in activities related to "the provision of services and utilities supporting the maintenance and existence of settlements" and "the use of natural resources, in particular water and land, for business purposes".
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In mid-February 2020, Alstom announced that it had signed a Memorandum of Agreement to buy Bombardier Transportation, the multinational train maker headquartered in Berlin, Germany for between €5.
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Alstom Transport develops and markets a complete range of systems, equipment, and service in the railway industry.
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Alstom operates in the rail infrastructure market, designing, producing, and installing infrastructure for the rail network.
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Since a merger with General Railway Signal in 1998, Alstom has been manufacturing railway signaling equipment at a former GRS factory located in a suburb near Rochester, New York.
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Since 2002, Alstom has manufactured the Pendolino tilting train, following the acquisition of Fiat Ferroviaria.
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In India, Alstom had a joint venture with Bharat Forge to manage power production from start to finish.
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Alstom Grid is headquartered at La Defense, the business district west of Paris, and has four main businesses: electrical transmission system products, power electric system, automation, and service.
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