Alstom Transport eyes deals
PARIS (Reuters) Alstom is eyeing acquisitions in rail signaling and maintenance as well as looking Canada Goose sale for partnerships in India as a way to boost growth and stay ahead of new Chinese rivals, the head of the group transport unit said.
rail sector is getting more competitive, and we must adapt, said Philippe Mellier, the president of Alstom Transport in an interview with Reuters on Tuesday.
China Southern Railway and Northern Railway groups as well as Russia Transmashholding are serious competitors, he cheap Canada Goose said. Alstom also faces traditional rivals Canada Bombardier Inc.
In canada goose uk outlet March, Alstom signed a partnership with Transmashholding, taking a 25 percent stake in the firm.
Alstom transport business brought in 5.7 billion euros in the fiscal year ended March 31, 2009, Canada Goose Outlet or about 30 percent of the group revenues buy canada goose jacket cheap and one quarter of its operating profits.
Alstom is a canada goose uk black friday global leader in high speed trains and also sells a range of rail equipment and maintenance services.
The rail sector has held buy canada goose jacket up well canada goose coats despite the economic crisis due to government stimulus plans that include billions in infrastructure spending and mounting environmental concern.
European rail trade group UNIFE forecasts canada goose clearance rail spending Canada Goose Parka to grow 2.5 to 3 percent a year canadian goose jacket to reach 111 billion cheap canada goose uk euros in canada goose uk shop 2016.
Mellier said canada goose coats on sale Alstom comprehensive product line and global reach gave it a unique advantage over its competitors. is our key strength even if we are attacked on one canada goose clearance sale product or market, we can expand into another, he said.
LOOKING TO INDIA To that end, Alstom is looking for opportunities in high growth markets such as uk canada goose outlet India.
have met with canada goose potential partners there, and we are definitely interested in a venture with Indian Railways or industrial companies like BHEL or BEML, said Mellier, referring to Bharat Heavy Electricals Ltd.
Mellier was also bullish about the prospects for growth in the United States, where President Barack Obama has pledged Canada Goose Coats On Sale $8 billion for high speed and regional rail projects. that will see the end of the country complete reliance on the automobile and Canada Goose Online the airplane, he said.
When asked about potential acquisitions, Mellier said Alstom was interested in buying companies specialized in rail signaling systems, although he said there did not appear to be many up uk canada goose for sale.
are Canada Goose Jackets looking and there are certain targets but it takes cheap Canada Goose Coats two to tango and for now, not much is moving, he said.
Mellier said he would also be on the lookout for acquisitions of rail maintenance https://www.canadagoosejackets7v.com companies, which tend to be smaller local actors Alstom could buy for their roster of clients. Mellier said he expected train operators to increasingly Canada Goose online outsource maintenance as they focused more on customers needs and marketing, making this a growth area.
Maintenance revenues could double to canada goose black friday sale 2 billion euros in the next ten years, he said. is clearly our business with the most room for growth, he said.
Mellier said he was confident the transport unit would reach its goal of 7 to 8 percent profit margin canada goose factory sale for FY2010. were already at 7 percent in September, for the first half canada goose store of the year, so that shows that we will be within our guidance range, he said.
