Bombardier: New Global Leader in Rail Transportation Equipment, Bombardier Announces Its Integration Plans

    BERLIN--May 2, 2001--Bombardier

    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 Montreal, 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.

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