Transportation Industry
Alstom to take majority stake in Fiat Ferroviaria.(Brief Article)
Asia Pacific Rail, September, 2000
Alstom and Fiat have just concluded an agreement by which Alstom will take a 51% stake in Fiat Ferroviaria, the Italian group's rail transport equipment subsidiary.
Fiat Ferroviaria employs 2300 people in Italy, Switzerland and the UK. The company specialises in the design and manufacture of rolling stock, associated equipment (propulsion and bogies), and maintenance services.
Fiat Ferroviaria's tilting trains have been sold in Italy, Finland, Israel, Spain, Germany and Switzerland. More recently, Alstom and Fiat Ferroviaria have created a consortium for the supply and maintenance of the UK's West Coast Main Line fleet of high-speed tilting trains. The project, worth 1.8 billion euros, is claimed to be the largest rail contract ever signed in the...
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