Germany: GE Capital Services has agreed to purchase Cargowaggon GmbH from Brambles Industries Ltd and Danzas Holding AG. Retaining its present name, Cargowaggon will become the first European component of GE Capital’s Railcar Services business.
Great Britain: Construction group Miller has set up a specialist railway company called Miller Rail. It will aim to lift rail-related turnover from £10m a year to £25m over the next two years.
Hungary: Adtranz Hungary has increased its shareholding in MAV Adtranz Dunakeszi Wagon Manufacture & Repair Ltd to 64·9%, following an agreement with Hungarian State Railways signed on August 22 .
Italy: Door systems manufacturer HP Srl has been acquired by Westinghouse Air Brake Co for US$5·6m.
