KOLTRAM: On April 23 Vossloh AG announced it was strengthening its Switch Systems business unit by acquiring a 100% stake in KolTram for €21·8m.
KolTram manufactures rail switches and components. Based at Zawadzkie in southwest Poland, its sales in 2008 totalled €20m.
'We are bolstering our core rail infrastructure business in the strategically important market of eastern Europe with a healthy company that even now meets our financial criteria', said Vossloh Chief Executive Werner Andree.
EUROPE: On June 30 Vossloh Group announced its acceptance of a €150m bid for its Vossloh Infrastructure Services business unit from Vinci Group company Eurovia.
KAZAKHSTAN: National railway KTZ has cancelled orders for Talgo-designed but locally produced coaches to be supplied from the Tulpar-Talgo factory in Nur-Sultan, after exchange rate changes raised the cost of sourcing components from abroad. The Tulpar-Talgo plant was opened by a joint venture of KTZ and ...
EUROPE: Polish freight operator PKP Cargo announced on October 17 that it had started talks to acquire shares in three Romanian operators. Ploiești-based Vest Trans Rail SRL, Ferest Logistics SRL and Romcargounit SRL (both based in București) are active on the Romanian market, and PKP Cargo ...
Industry Voith has commissioned a multi-functional transmission test bench at its Heidenheim site in Germany. This can test transmission performance under conditions including temperatures from -50°C to +85°C, mechanical stress, wind flow velocities of up to 180 km/h and ice build-up. It also enables ...
SOUTH AFRICA: The Alstom Ubunye joint venture’s modernised factory in Ekurhuleni near Johannesburg was officially inaugurated on October 17, in the presence of Premier of Gauteng province David Makhura and the French Ambassador. Alstom acquired a 51% stake in the former Union Carriage Wagon ...
SPAIN: Alstom and the Madrid Asperger Association have signed a partnership agreement for people with Asperger syndrome to undertake pre-occupational professional internships at the company’s sites in Spain. This will include theoretical training and practical internships at Alstom’s Railway Signalling Safety Centre in Madrid, ...
