Alstom : Divestment of the conventional signalling business in North America: a good deal for Alstom and the first key step in its debt reduction
>Alstom sells its North American signalling (conventional) business to Knorr-Bremse - On Friday evening after trading, Alstom announced the signature of a deal with Knorr-Bremse (cf. our flash published today on Knorr-Bremse for more details) for the sale of its conventional signalling activity in North America. This business generated revenues of around € 300m and an adjusted EBITA margin of around 16% in FY 2023-24. We think that this is a good deal, on the op...Alstom serves the power generation and transmission markets, and rail transport market. Co.'s activities are divided into four sectors: the Thermal Power Sector (Co. offers power generation solutions using gas or coal to services including plant modernization, maintenance and operational support); the Renewable Power sector offers EPC solutions, turbines and generators, control equipment and maintenance for Hydropower and Wind power activities; the Grid Sector designs and manufactures equipment and turnkey solutions to manage power grids and transmit electricity from the power plant to the large end-user; and the Transport Sector provides rail transport products, systems and services.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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