ŽOS Trnava has completed the first phase of a project to expand its freight wagon production space and warehousing facilities to increase efficiency and capacity.
Wabtec has acquired MASU’s railway friction business in a US$34m transaction. ‘This acquisition accelerates our long-term growth strategy in India’, said Sujatha Narayan, Senior Vice-President & Regional Leader for Wabtec in India. ‘We have a strong brakes portfolio in India supplying brake systems on Indian Railways’ locomotives and LHB coaches, as well as metros. This acquisition will strengthen Wabtec’s position as a Make in India manufacturer, provide an attractive offering for customers, and open new opportunities for regional and international expansion.’
MSCI ESG has upgraded Eurofima to its top rating category AAA, following ESG score improvements by Sustainalytics and ISS ESG. The rating is driven by Eurofima’s support for carbon neutral public transport, the formation of a dedicated Sustainability Committee, its business ethics framework and improvements in workforce management practices.
On January 1 Dr Stefan Peiker became Chief Operating Officer at Plasser & Theurer, succeeding Daniel Siedl who left the company at the end of 2021.
Bluejay Capital Partners has completed its acquisition of Pacific West, an industrial and mechanical contracting firm based in Salt Lake City which provides services including the construction of rail tracks and fuelling facilities. Bluejay financed the transaction with Southfield Mezzanine, which provided debt and an equity co-investment. Pacific West COO Dustin Hall retains ‘a meaningful ownership stake’.
The Association of American Railroads has named Paul Hedrick as the next Senior Vice-President of Finance & Administration and Chief Financial Officer, replacing Jeff Marsh who will remain at AAR to assist with the transition until his retirement on March 1. Hedrick has spent 11 years as Chief Financial Officer at the Endocrine Society, where he ‘honed a unique financial and information technologies skill set’, said AAR President & CEO Ian Jefferies.
Industrial computer supplier Axiomtek has announced a partnership with chipmaker Hailo to launch RSC100 (Plato), an ARM-based edge AI computer for transport, smart city, and industrial applications.