Railway supply industry news
Latest business news from the global railway supply industry, including company mergers, acquisitions and financial results.
ALSTOM: On September 12, French construction and industrials conglomerate Bouygues confirmed that it had divested more than 29 million shares in Alstom.
Around 500 companies participated in a ‘Mega Vendor Meet’ in Lucknow organised by Indian Railways’ Research Designs & Standards Organisation. The event included presentations on the online vendor approval process and steps being taken to make it easier to do business with Indian Railways.
UKRAINE: Agricultural produce merchant Louis Dreyfus Co is to establish a wagon logistics business with a fleet of up to 1 000 grain hoppers, backed by an US$35m EBRD loan.
USA: OmniTRAX announced on September 11 that it had completed its previously-announced $105m acquisition of Winchester & Western Railroad from minerals company Covia Holdings Corp.
INTERNATIONAL: Voith and CRRC have agreed to strengthen their co-operation in the rail and industrial sectors, as part of a framework agreement signed in Beijing on September 6, during a visit to China by Chancellor Angela Merkel.
DENMARK: Infrastructure manager Banedanmark has awarded Fugro a four-year framework agreement for lidar scanning of its 3 100 track-km network.