LEVALLOIS-PERRET (dpa-AFX) - Alstom SA (AOMFF.PK, ALS.L), a rolling stock maker, said on Monday that it has closed the sale of its North American conventional signaling business to Knorr-Bremse AG (KNRRY.PK, KNBHF.PK).
The sale has completed the execution of the Alstom's 2 billion euros deleveraging plan.
'This divestiture was part of the comprehensive company action plan that Alstom announced on 15 November 2023, aiming at reinforcing its balance sheet. Alstom has delivered all three components of that plan, and it results in the stabilization of its Investment Grade rating,' the company said.
Alstom will continue to meet the North American signaling market demand through its Communications Based Train Control and European Train Control System solutions.
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