DB Cargo UK has installed a Hegenscheidt wheel lathe at its Toton depot and its Axiom Rail workshop in Stoke-on-Trent has recieved Railway Industry Supplier Approval Scheme accreditation for the production of powered wheelsets. ‘These developments build on DB Cargo UK’s ability to service its own fleet and add to the services it can offer to external companies’, said Head of Maintenance Andrew Byrne.
Embedded computing supplier Kontron has signed a framework agreement with Bombardier Transportation extending a previous preferred technology supplier MoU into a joint design and development relationship.
Addnode Group’s TechniaTranscat subsidiary has signed a new agreement to supply Stadler with more than 2 000 user licenses for its product lifecycle management software, used to optimise product development and improve efficiency in larger processes as well as information flow. It is based on the 3dexperience platform from Dassault Systèmes and proprietary software from TechniaTranscat.
On October 13 Deutsche Bahn issued a seven-year bond with a volume of HK$350m via its Dutch financing subsidiary Deutsche Bahn Finance BV. The bond bears a coupon of 2·07%, and the issuing price was 98·8% resulting in a yield of 2·10%. To be used for refinancing a loan of a subsidiary, the bond was privately placed with institutional investors in the Asia-Pacific region and will be listed on the Luxembourg Stock Exchange with a denomination of HK$2m. It bond was placed via Goldman Sachs.