Wagon manufacturer WBN Waggonbau Niesky has reported a record order intake of €137m for 2016, with 90% of new orders coming from Europe and 10% from Asia. Last year exports accounted for 70% of the €56·5m worth of products delivered. EBITDA was up 15·4% year on year to €4·4m.
On March 21 Wabtec Corp announced that it had completed the acquisition of the remaining shares in Faiveley Transport by implementing a mandatory squeeze-out procedure at the €100/share price of the cash tender offer. As a result, Faiveley Transport’s shares were delisted from the Euronext exchange in Paris.
On March 22 Heinz Hermann Thiele informed the Vossloh AG management board that he would resign as Chairman and member of the supervisory board with effect from the annual general meeting on May 24. Thiele currently holds almost 45% of the shares in Vossloh AG. Based on the recommendation of the nomination committee, the supervisory board will propose the appointment of former DB management board Vice-Chairman Dr Volker Kefer as Thiele’s successor.
Derby City Council’s Connect Derby portfolio of managed workspaces has been expanded with the£12m iHub Innovation Centre on Infinity Park, which provides 18 offices and 14 workshops for start-ups, early stage businesses and established high-growth SMEs operating in the rail, aerospace and automotive supply chains. It includes rapid prototyping facilities with high end virtual reality, 3D printing and surface microscope equipment.
Selectron Systems saw sales grow by more than 10% in 2016, with growth in target markets in line with its long-term plans. The majority of its services are provided from Lyss in Switzerland, with some engineering services also provided by parent company Knorr-Bremse’s site at Pune in India.
The European Commission has approved under the EU Merger Regulation the acquisition of joint control over SwissSign by Swiss Federal Railways and current owner Swiss Post. SwissSign provides digital servers and device identity certification, and the Commission concluded that the acquisition would not raise concerns because SwissSign has negligible actual and foreseen activities within the European Economic Area.