Bombardier: New Global Leader in Rail Transportation
Equipment, Bombardier Announces its Integration Plans
BERLIN, GERMANY--MAY 2, 2001 - 01:09 EDT
Following the closing of the acquisition of
DaimlerChrysler Rail Systems (Adtranz), Bombardier today announced
its plans for the new Bombardier Transportation organization.
"Rail transportation equipment is a core business now accounting
for nearly 40% of our revenues and we will continue to carry this
business forward worldwide under the banner of Bombardier
Transportation", stated President and Chief Executive Officer of
Bombardier Inc., Robert E. Brown, speaking at a press conference
in Berlin.
Mr. Brown added: "With the addition of Adtranz, we are clearly
positioning Bombardier Transportation globally as the leading
integrated rail transportation equipment manufacturer. With the
support of its 37,000 employees, I am confident that we will live
up to the high expectations of our customers in terms of delivery,
quality, service and price".
Mr. Pierre Lortie, President and Chief Operating Officer of
Bombardier Transportation, also announced the organizational
structure and the leaders of the new organization.
"The new Bombardier Transportation will be structured into seven
distinct divisions, each with a clear geographical or product
mandate. Three rolling stock divisions will have a geographical
focus: The Americas, Asia/Pacific and Europe. The other four
divisions will have a clear product or services focus with a
global mandate: Propulsion and controls, Transit Systems, Services
and Signaling. The leadership of the new organization reflects
the managerial talent, broad experience and diverse expertise
present in the two former entities", said Mr. Lortie.
Bombardier Transportation's headquarters will remain in Montréal,
while its European headquarters will be located in Berlin.
Bombardier Transportation is the global leader in the rail
equipment, manufacturing and servicing industry. Its wide range
of products includes passenger rail cars and complete rail
transportation systems. It also manufactures locomotives, freight
cars, and propulsion & controls and provides signaling equipment
and systems.
Bombardier Inc., a diversified manufacturing and service company,
is a world leading manufacturer of business jets, regional
aircraft, rail transportation equipment and motorized recreational
products. It is also a provider of financial services and asset
management. The Corporation employs 79,000 people in 23 countries
in the Americas, Europe and Asia-Pacific. Bombardier's revenues
for its fiscal year ended Jan. 31, 2001 totalled $16.1 billion and
more than 90% were generated outside Canada.
Note to Editors:
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