Alstom sells German rail factory to KNDS

Alstom to sell German plant to defence equipment maker KNDS
French train maker Alstom has agreed to sell its Görlitz plant in Germany to defence equipment maker KNDS, the companies said on Wednesday.
Alstom Sells German Rail Factory to Defense Consortium KNDS
The transformation of the Goerlitz factory, located near the Polish border, into a combat-vehicle plant should be completed in 2027.
Alstom sells German rail factory to KNDS for military vehicle production
Alstom (EPA:ALSO), a leading player in the transportation sector, has finalized a deal to sell its rail manufacturing facility in Goerlitz, Germany, to defense consortium KNDS.
Tank maker KDNS takes over Alstom rail car plant in Germany's Görlitz
The Franco-German armaments group KNDS is taking over French rail vehicle manufacturer Alstom's factory in the eastern German city of Görlitz. Executives from both companies signed the deal on Wednesday while joined by German Chancellor Olaf Scholz at an event in Görlitz.
Alstom S.A: Alstom and KNDS have reached agreement: a secure future for the industrial site in Görlitz in Germany
The negotiations between Alstom and KNDS Deutschland GmbH & Co. KG (KNDS) about the Görlitz site have reached an important milestone. On 5 February, 2025, both sides signed a framework agreement on the takeover of the site by KNDS.
Alstom Sells Goerlitz Rail Factory to Defense Consortium KNDS
Alstom reached a deal to sell its rail factory in the German town of Goerlitz to defense consortium KNDS, which plans to build battle tanks and infantry fighting vehicles. The transformation of the site should be completed in 2027, with production set to start that year, the two companies said Wednesday.
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