is to sell its
train heavy renovation businesses located in Springburn, Glasgow and Wolverton, Greater London to Railcare. The company hopes to complete the transaction by the end of the first quarter 2007.
Earlier in 2006 Alstom conducted a review of its
Alstom concluded that this activity is similar in nature to rolling stock manufacturing, which the company no longer carries out in the
Railcare is a group of personal investors operating in the rail market, including the general manager of the Wolverton site who will continue to manage the businesses in the future.
When the sale is completed, Alstom’s Transport activities in the
Once the transaction is concluded, Alstom Transport will employ approximately 1600 people at some 20 locations across the
. Alstom’s existing Transport activities in the
include maintenance of one of the world’s biggest Pendolino fleets. Alstom also maintains the Northern and Jubilee Line fleets on the London Underground fleets for Tube Lines and successfully introduced, ahead of schedule, 59 new cars and four new trains onto the Jubilee Line.