Bombardier announced today the sale of its interest in Greenbrier-Concarril LLC and Gunderson Concarril S.A. de C.V. to the Greenbrier Companies. The transaction will result in Greenbrier owning 100% of Greenbrier-Concarril and its manufacturing subsidiary Gunderson Concarril, S.A. de C.V. The value of the transaction is approximately $10 million US.
Greenbrier-Concarril LLC was formed in 1998 as a joint venture between Bombardier Transportation and The Greenbrier Companies to manufacture through Gunderson Concarril S.A. de C.V., rail freight cars for the North American market, at Bombardier’s facility in Sahagun, Mexico.
Gunderson-Concarril will continue to lease a portion of Bombardier’s Sahagun facility and thus the production of freight cars will continue at the same location.
This transaction will have no impact on Bombardier’s other activities at the Sahagun site. Bombardier will continue to manufacture passenger rail cars and to assemble locomotives at the Sahagun facility.
“Freight cars manufacturing is not a core area of expertise for Bombardier. The transaction is therefore in line with Bombardier’s plan to refocus on core businesses”, explained Mr. William Spurr, President of Bombardier Transportation, North America. “Our Sahagun site employees will benefit from the sale of our interest to Greenbrier by continuing to perform this work under a service agreement between Bombardier Transportation and Greenbrier”, expanded Mr. Spurr. “Sahagun remains an integral part of our North American footprint. Our Sahagun facility is currently manufacturing 405 rubber-tire subway cars for Sistema de Transporte Colectivo-Metro (STC), the Mexico City subway. The first train was delivered and accepted by the customer in September of this year”, added Mr. Spurr.
A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2004 were $15.5 billion US and its shares are traded on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F). News and information are available at www.bombardier.com.
Hélène V. Gagnon
+1 450 441-8156