Knorr-Bremse Nordic Rail Services announced on January 18 that it had agreed to sell its Swedtrac rolling stock modernisation and repair business to Stadler Service Sweden. The transaction is expected to close at the end of Q1 2018. 'We are continuing to focus on our core competencies as a key supplier for the railway industry: offering subsystems and components and related services', said Klaus Deller, Chairman of the Executive Board at Knorr-Bremse. 'For a leading independent rolling stock manufacturer like Stadler, Swedtrac will create substantial added value and drive forward the development of the company. Knorr-Bremse and Stadler have longstanding good business relations at all levels’.
The Official Receiver was appointed liquidator of contracting and services company Carillion plc and certain other companies in the group on January 15. The Official Receiver was seeking to maintain operational continuity, and Special Managers were appointed by the High Court to help manage the affairs, business and property of the companies.
On January 16 SPL Powerlines UK Ltd said its Carillion Powerlines Ltd 50:50 joint venture was 'not affected' by the collapse of Carillion, and would continue to trade as normal. SPL Powerlines UK had 'put in place steps to ensure the uninterrupted continuation of the day to day business and of the provision of all services by Carillion Powerlines Ltd to Network Rail'.
Kazakh railway testing, diagnostics flaw detection, safety and training company ORDA-Astana has been renamed Kamkor Service, as part of a strategy to diversify into the oil and gas, mining, metallurgical and energy sectors.
Poland‘s PKP Energetyka has established Railen Baltics as a Lithuanian subsidiary, with the aim of winning contracts to be awarded under the Rail Baltica and Vilnius – Klaipeda electrification projects.
