INDUSTRY & TECHNOLOGY
07 Jul 2008 | Banks agree train lease venture
RAILPOOL: This month HSH Nordbank and KfW IPEX-Bank are to launch Railpool, a joint venture to lease rolling stock to private operators. München-based Railpool plans to place orders for locomotives and passenger and freight vehicles once the company is formally established. 'The aim is to create More...
05 Jul 2008 | Products & Technology in brief
CNR Changchun has completed in-service testing of a CW720 bogie developed for New Zealand's 1 067 mm gauge network. Toll had awarded a contract for the supply of 50 air-sprung bolsterless bogies in March 2007. Manusa has updated its platform screen door range with the addition of the InfoBoard, a More...
03 Jul 2008 | Wabtec completes purchase of POLI
POLI: Wabtec Corp announced on July 1 that it had completed it acquisition of braking equipment manufacturer POLI SpA for €53m. POLI employs 500 people in Italy and Macedonia, and has annual sales of €30m, primarily in Europe. 'We will begin immediately to integrate our existing products and techn More...
03 Jul 2008 | Customising ballastless track to suit different conditions
TRACK: Contractors can now choose from a variety of ballastless trackforms to suit the requirements of different projects ranging from urban tunnels to high speed lines. More...
01 Jul 2008 | Royal opening at Knorr-Bremse factory
SPAIN: A factory bringing two Spanish subsidies of Knorr-Bremse together on one site was formally opened in the presence of Felipe, Prince of Asturias and Princess Letizia on June 25. Situated at Getafe, 20 km south of Madrid, the factory houses Knorr-Bremse's braking and door systems subsidiary F More...
30 Jun 2008 | Vossloh confirms sale of Infrastructure Services
EUROPE: On June 30 Vossloh Group announced its acceptance of a €150m bid for its Vossloh Infrastructure Services business unit from Vinci Group company Eurovia. Acquired as part of the Cogifer Group in 2002, Vossloh Infrastructure Services undertakes track and electrification construction and main More...
26 Jun 2008 | Caterpillar buys MGE
MGE: Brazilian electrical equipment manufacturer and rolling stock refurbishment company MGE Equipamentos & Serviços Ferroviários has been bought by Caterpillar, the companies announced on June 24. MGE has plants at two locations in São Paulo state. As well as supplying traction and control equip More...
23 Jun 2008 | Infrastructure services bid
VOSSLOH: On June 18 Vossloh announced it had received an offer for the purchase of its Infrastructure Services business from Vinci Group company Eurovia. The offer for a 100% equity stake amounts to €150m, based on an enterprise value of around €185m. Vossloh AG Chief Executive Werner Andree said More...
13 Jun 2008 | Train leasing company sold for £3·6bn
ANGEL TRAINS: Royal Bank of Scotland's long-anticipated sale of rolling stock leasing company Angel Trains to a consortium led by Babcock & Brown was announced on June 13. Definitive agreements with an enterprise value of £3·6bn of have been signed, and subject to regulatory approval the transacti More...
12 Jun 2008 | Embedded rail welding
WELDING: Tramtrac II is the latest welding equipment product to be developed by ESAB for the repair of embedded grooved tramway rails. Use of the flux-cored arc welding process with self-shielded wire allows Tramtrac II to be smaller and lighter than submerged-arc welding equipment. Tramtrac II ca More...
