Nippon Sharyo Manufacturing has appointed Cincinnati Industrial Auctioneers to sell the equipment from its rolling stock plant at Rochelle in Illinois, where operations ceased in July 2018. ‘The equipment was barely used and kept on a meticulous maintenance programme’, said Ryan Luggen, Business Development Executive at CIA, which will hold the sale on June 17-18.

Knorr-Bremse has acquired a 32% stake in railway telematics equipment and maintenance workflow software supplier Railnova. The Belgian company’s technology ‘improves asset availability and perfectly fits Knorr-Bremse’s innovation culture to create market-leading solutions for the digitalisation of trains’, said Jürgen Wilder, Knorr-Bremse executive board member responsible for the Rail Vehicle Systems division, on May 28. ‘With more than 1 500 installed units and a fast growing demand for their products, their business model is market-proven’.

Head of Stadler’s Components division Markus Bernsteiner is to take over as CEO of the Altenrhein plant, succeeding Markus Sauerbruch who the company said was leaving at his own request owing to ‘differing views on its further strategic development’. Sauerbruch is also head of the Switzerland division, which will be managed directly by Group CEO Thomas Ahlburg on an interim basis.

Goldschmidt Thermit Group recorded global sales of €185m in the 2018 financial year, up 17% year-on-year. ‘The acquisitions made in recent years were very successful’, said CEO Hans-Jürgen Mundinger on May 28. ‘We have considerably extended our portfolio in the areas of measurement technology and tools and machine building. Our profitable growth opens up excellent opportunities to enable us to continue to grow through strategic investments.’

FS Group has established Ferrovie dello Stato Italiane Saudi Arabia for Land Transport LLC as its first subsidiary outside Europe. The Riyadh-based business will operate as FS Italian Railways Saudi Arabia, a planned standard name format for future non-European subsidiaries. The Italian state railway group said many railway initiatives are underway or planned in Saudi Arabia, which is ‘one of the global markets of reference’.