Bombardier rail unit said it signed a US$724 million contract to sell 333 of its electric Aventra trains to be used by British rail operator West Midlands.
Under the deal, Bombardier will sell and maintain three-car trains for metro services and five-car trains for outer suburban and long distances.
The trains will be made at Bombardier’s Derby facility in England and are expected to be delivered between 2020 and 2022.
Will Tanner, a spokesperson for Bombardier Transportation (BT) in the UK, said the division remains strong in the European market, and that the proposed merger between Germany’s Siemens and France’s Alstom is not a concern for the company’s most profitable division. “BT remains the best in global customer relationships and product portfolio,” Tanner said in an emailed statement.
Full Content: Financial Times
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Chamber of Commerce Sues to Overturn FTC Non-Compete Ban
Apr 24, 2024 by
CPI
FTC Chief Warns of Healthcare Price Fixing Risks Amid Tech Advancements
Apr 24, 2024 by
CPI
Amazon’s Investment in Anthropic Faces Antitrust Scrutiny
Apr 24, 2024 by
CPI
Italian Antitrust Authority Fines Amazon €10 Million for Unfair Trade Practices
Apr 24, 2024 by
CPI
Tuta Mail Raises Alarm Over Google Search Ranking Plunge Amidst DMA Rollout
Apr 24, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI