MONTREAL — Bombardier Inc., the world's No. 1 maker of passenger rail cars, said it will buy DaimlerChrysler AG's Adtranz trainmaking unit for about $752 million in cash and assumed debt.
View Comments
Adtranz makes trams, subway systems and high-speed trains and locomotives. It's lost money every year since being formed in 1996, though DaimlerChrysler said it will break even in 2000. Bombardier, which also has a growing regional and business jet business, will see savings by combining Adtranz with its own train unit, analysts said.