Railway supply industry news
Latest business news from the global railway supply industry, including company mergers, acquisitions and financial results.
Robel establishes subsidiary to serve the Chinese rail maintenance market
CHINA: Robel Group has established Robel Railway Engineering Technology (Shanghai) Co Ltd to serve the Chinese market.
Stadler CEO steps down over strategic differences
STADLER: Stadler Group CEO Dr Thomas Ahlburg has left by mutual agreement with the board, owing to ‘different views’ regarding strategic and organisational development, the company announced on May 21.
Railway supply industry news round-up
VTG AG has completed a €2·9bn refinancing of VTG Group’s capital structure, including committed credit lines to fund the continuing investment plans. ‘The BBB issuer credit rating from S&P, the extension of funding tenor and the reduction of funding costs in the depths of the Covid-19 crisis are achievements that ...
Electronic Ticket Control Database enters service
INTERNATIONAL: A centralised system for the real-time exchange of ticket control information has been launched to enable rail ticket issuers and carriers around the world to increase their electronic ticketing capabilities and prevent fraud.
Greenbrier GIMSA Joint Venture agreement amended
MEXICO: As part of its response to the effects of the coronavirus pandemic, The Greenbrier Companies has amended its 50:50 joint venture agreement with Grupo Industrial Monclova, the manufacturing partner at the Greenbrier GIMSA wagon plant in Monclova, Mexico.
Swiss narrow gauge operators to study merger
SWITZERLAND: The Frauenfeld-Wil-Bahn and Appenzeller Bahnen boards have agreed to examine a possible merger of the two companies. The 1 000 mm gauge networks are not connected, but the companies have worked together since 2003 and it is envisaged that combining could reduce costs.
Partnership to offer mission-critical IoT radio communications in the rail market
Industry calls for improvements to Australian rail tendering processes
Railway supply industry news round-up
Locomotive maintenance joint venture formed
Supplying 1 km of cables per metre of vehicle length
Cyberattack seeks to extort money from Stadler
Siemens Mobility receives 200 applications for Goole apprenticeship programme
Railway supply industry news round-up
Voith and PCS Holding to acquire Traktionssysteme Austria majority stake
Rail Coach Factory Kapurthala restarts work
Railway supply industry news round-up
Supply chain’s views on Covid-19 recovery sought
Akiem completes acquisition of Macquarie European Rail’s fleet
Competition authority clears CRRC acquisition of Vossloh Locomotives
April 2021 date for InnoTrans announced
Railway supply industry news round-up
Rolling stock leasing companies exposed to effects of prolonged lockdowns
InnoTrans 2020 moved to new date