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Alstom signs £280m Trenitalia deal ahead of Siemens "merger of equals".

Posted by Dave Songer on Apr 3, 2018

Alstom's train is nicknamed Pop in ItalyThe train manufacturer Alstom has entered into a £280m (€330m) agreement with Trenitalia to supply 54 of its trains to the country, bringing the total order to 101 after 47 were ordered in 2016. Using Alstom’s Coradia Stream trains, which the French company says are 95% recyclable, the four-contract deal will see four, four, 15 and 31 of the Electric Multiple Unit (EMU) trains distributed respectively across the regions of Abruzzo, Liguria, Marche and Veneto.

The latest news came in a week that Alstom officially entered into an agreement with Siemens, after it announced in September that the “merger of equals” – combining Siemens’ mobility business including its rail traction drives business with Alstom – that would see expected annual synergies of around £410m (€470m) within four years.

On the train deal with Italy’s primary rail operator, the Italy-manufactured trains – nicknamed Pop by Trenitalia – can be customised to make them suitable for each market, with layouts that can be amended with more seats for trains undertaking long journeys, fewer for commuter-heavy use and even ski racks for passengers travelling in some of Italy’s more mountainous regions. Train interiors can also be upgraded with electric sockets, Wi-Fi, snack and drink vending machines and relaxation areas.

Michele Viale of Alstom said the deal showed what he called “renewed confidence” in their trains. “The Pop is proving to be widely appreciated by local authorities and by passengers, who got a glimpse of it in full-scale mock-up form during a recent roadshow,” said the managing director for rail in the country.

Smart Asset Management For A More Efficient Rail NetworkSmartRail World reported on the news of the Alstom-Siemens merger last year and both companies have now released details on the proposed leadership for the future board of directors of Siemens Alstom. Siemens has put forward Roland Busch, a member of the board of Siemens AG, while Yann Delabriere, the current lead director of Alstom’s board is planned to be appointed as vice chairman.

Speaking on the signing of the Siemens Alstom deal, Henri Poupart-Lafarge, chairman and CEO of Alstom, said it represented an important milestone. “Both companies are working diligently and in a very good spirit to progress towards closing. These first nominations illustrate the companies’ commitment to balance in the governance of the future company,” said Poupart-Lafarge.

The board of directors of the combined company will consist of 11 members, six of whom are to be appointed by Siemens.


 
 
 
 

Topics: Rolling Stock

Dave Songer

Written by Dave Songer

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