Alstom announces acquisition of Nomad Digital

4
1042
Image: Alstom.

Alstom has announced its plans to acquire British company Nomad Digital as it looks to capitalise on a predicted growth in the rail ICT systems market.

Alstom is aiming to complete the acquisition of Nomad Holdings, which is owned by Amadeus Capital Partners, SEB Venture Capital and Deutsche Telekom Strategic Investments, by early next year.

Nomad Digital will operate as a wholly-owned subsidiary of Alstom, retaining its existing brand identity.

Nomad Digital employs around 230 people and operates out of 13 offices around the world. Established in 2002, the company now has a turnover in excess of £30 million, supplying passenger Wi-FI, infotainment, driver assistance and remote condition monitoring systems to railways around the world.

Pascal Cléré, senior vice-president for Digital Mobility at Alstom, said: “This acquisition illustrates our strategy to offer more and more tailor-made solutions to our customers.

“We are very confident in the success of this new activity as Nomad Digital enables operators to significantly enhance the passenger experience. These new skills and technologies will enable us to accelerate the digitalisation of our offering.”

Nomad and Alstom have already been working together on several projects, including supplying the Wi-Fi system for 30 Coradia Continental EMUs for Hessische Landesbahn GmbH (HLB) and for the new ETR 610 Pendolino trains for SBB.

4 COMMENTS

  1. Nomad Digital was established in 2002 with a full Board of Directors and in 2006, it’s founders decided to sell their company to a consortium of three European investment companies, in exchange for investment. The consortium has now agreed the sale of Nomad Digital to Alstom as a wholly-owned subsidiary with the name being retained but I would suggest that all future strategy will be decided in the French boardroom. I find it a sad state of affairs that, in recent years, too many founders of British “high-tech” firms have eventually sold their companies to foreign-based multinationals and investment groups for vast profits, instead of striving to establish their companies as British-based multinationals with foreign subsidiaries.

LEAVE A REPLY

Please enter your comment!
Please enter your name here