The Czech manufacturer of rail vehicles has been negotiating the takeover of the factory for the production of local trains with 750 employees since last December. Now it looks like the transaction is about to fall. “Alstom’s goal is to sign the contract by the end of April,” said Daniel Dreger, a spokesman for the Alsatian factory.
Stakeholder management refuses to comment on anything due to confidentiality. “We do not comment on the ongoing negotiations,” Jan Švehla, a spokesman for the Czech group, answered the E15 daily.
The sale of the plant is related to a huge merger, in which the French Alstom is to take over the Transportation division from the Canadian company Bombardier and thus build the second largest rolling stock manufacturer in the world after the Chinese giant CRRC. The European Commission subsequently conditioned the transaction on Alstom having to sell its plants in Reichshoffen, Alsace and Hennigsdorf, Brandenburg, due to fears of market dominance.
Alsatian railway engineers produce Coradia Polyvalent trains. The main market for them is France, but the factory also exports to Algeria or Senegal. Alstom has sold over three hundred of these sets in six years, the HN daily reported last September.
With its 5,500 employees, Škoda Transportation is the largest group of transport engineering in Central and Eastern Europe. In April 2018, it was 100% dominated by PPF billionaire Petr Kellner. Last February, one of Škoda’s original shareholders, Michal Korecký, a member of the Supervisory Board, bought a 10% stake from it.
The domestic concern manufactures trains, locomotives, trams, trolleybuses and metro cars, as well as control and propulsion systems for transport. It has several subsidiaries in the Czech Republic, including Škoda Electric, Škoda Vagonka and Pars nova. His other companies are in Finland, Hungary, Germany and Russia.
Coradia Polyvalent kits
The French multinational company Alstom supplies Coradia Polyvalent trains reaching speeds of up to 160 kilometers per hour in four versions. The carrier can choose lengths of 56, 72 or 110 meters, depending on the number of two to four cars. These units, produced in both motor and electric versions, belong to the extensive Coradia family of railway vehicles.