USA: Industrial and transport sector investment advisor ITE Management and the Rail Connection Inc subsidiary of wagon repair and maintenance company Appalachian Railcar Services have formed a joint venture to acquire, lease and operate wagons.
The companies said the Rail Connection LLC joint venture would ‘focus on building its fleet through acquisitions to provide the best-in-class service to its customer base and the capacity to grow substantially to meet customer needs.’
UK: Hitachi Rail Ltd has agreed to acquire Southampton-based condition monitoring specialist Perpetuum as part of a strategy to strengthen the use of digital technology in rail operations. Established as a university spin-off less than a decade ago, Perpetuum developed the use of bogie-mounted self-powered ...
Source: USA Rail USA: Investors Alpenglow Rail and Connor, Clark Lunn Infrastructure have acquired USA Rail Terminals from Texas-based family investment companies High Roller Group and Jim Donnan Companies. USA Rail has two terminals in the Gulf Coast region which provide services ...
INDUSTRY: Alstom’s proposed acquisition of Bombardier Transportation was approved by the European Commission on July 31, subject to full compliance with a number of commitments offered by Alstom. ‘Thanks to the comprehensive remedies offered to solve the competition concerns in the areas of very high speed, ...
Luxembourg-based Beacon Rail Leasing has rebranded as Beacon , adopting a new brand identity developed with UK design and marketing agency Fellowship. The Issarts Capital business controlled by Wabtec board director Erwan Faiveley announced on July 29 its intention to sell ...
USA: American Railcar Industries has been renamed American Industrial Transport, as part of its strategy of focusing on leasing and repair activities following the sale of its wagon and components manufacturing business to The Greenbrier Companies last year. It will also been known by its wagon ...
