Manufacturing operation company Alstom has signed a purchase agreement for the acquisition of Dutch rolling stock maintenance services provider Shunter.
Shunter has employed nearly 110 skilled personnel across three service locations and three maintenance workshops.
Its comprehensive and integrated set of services consist of management and maintenance of rolling stock for passenger and freight transport, and onboard signalling solutions such as damage repair, the performance of maintenance, and alterations.
The company provides maintenance, damage repair and refurbishment services to more than 1,000 railcars a year.
Last year, Shunter’s annual revenue was approximately €20m.
Alstom Benelux managing director Bernard Belvaux said: “We are very enthusiastic to integrate Shunter’s expertise, which is widely recognised by the operators. Shunter’s full maintenance expertise will complement Alstom’s knowledge and installed base in products and solutions. It will enable us to become an even stronger maintenance partner to our customers, increasing availability and reducing the total cost of ownership of their fleets.”
Alstom stated that the transaction will support Alstom’s position in the Benelux maintenance market by merging both firms’ competences, solutions and products.
Shunter managing director Jos Toes said: “The collaboration between Shunter and Alstom is not new: we have been working together for over 14 years. The integration of Shunter into an international group will bring us new possibilities with access to new markets. I am delighted to join Alstom and convinced that with our combined expertise we can satisfy our customers even better.”
The transaction will be concluded after the realisation of mutually agreed conditions, which is expected to happen by the second quarter of this year.
Alstom currently runs two international competence centres, two manufacturing sites, and numerous signalling project offices in Benelux.
Last month, Alstom finished the interlocking project on the Eskisehir-Kutahya-Balikesir line, covering 328km of main line railway for the Turkish State Railways Administration (TCDD).