POLAND: Axtone has acquired 100% of the shares of HSW Zakład Sprężynownia, which produces hot rolled coil springs for rail vehicles and other applications. Around 60% of its production is for export, with the company holding certifications in Poland, Germany, the Czech Republic, Slovakia and the USA.
Announcing the acquisition on July 24, Axtone said it would exploit synergies and help position the company as a market leader in the supply of coil springs for rolling stock.
INDUSTRY: Formal signing of the sale and purchase agreement for the acquisition of Bombardier Transportation from Bombardier Inc and Caisse de dépot et placement du Québec was announced by Alstom on September 16. Closing of the transaction is now expected in Q1 2021, subject to regulatory ...
NORTH AMERICA: FreightCar America has signed a letter of intent to acquire joint venture partner Fabricaciones y Servicios de México’s 50% stake in the new wagon manufacturing plant at Castaños in Mexico, and will consolidate all of its production there by January 2021. This will mean the ...
INTERNATIONAL: The International Railway Industry Standard certification programme for the rail supply chain has been expanded, with companies now able to obtain the Silver quality performance level during their next audit. This follows the completion on September 1 of a one-year test of the standard, which ...
