Railway supply industry news – Page 11
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Rail Business UKSeatfrog secures £6m investment for European expansion
UK: Ticketing app developer Seatfrog has secured £6m of investment to support planned expansion across Europe. The growth funding round was backed by investors Pembroke, Praetura and Octopus Ventures, and advised by FinnCap’s Private Growth Capital team. Seatfrog launched in 2018, initially offering a way for ...
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Rail Business UKConcrete sleeper plant expanded
UK: Cemex has completed a ‘significant’ investment to increase the capacity and capabilities of its concrete switch and crossing bearer plant at Somercoates in Derbyshire. The expansion will enable the site to produce an additional 18 000 linear metres of bearers every year. The existing stressing ...
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NewsStadler agrees Portuguese rolling stock production joint venture
PORTUGAL: Stadler has signed an agreement with commercial vehicle supplier Salvador Caetano to develop a rolling stock assembly plant and a servicing hub in Portugal.
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NewsCPK acquires rail infrastructure contractor Torpol
POLAND: Railway, road and airport infrastructure project promoter Central Port Komunikacyjny has completed the purchase of a 38% controlling stake in rail infrastructure contractor Torpol from state-owned investor Towarzystwo Finansowe Silesia. The deal was signed on April 5 following regulatory approval. ‘The most important benefit of ...
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NewsErmewa Group rebrands as Streem
FRANCE: Wagon and tank container management business Ermewa Group has rebranded as Streem, and announced an aim to double its revenues by 2030. ‘The evolution of the Ermewa Group brand is a key strategic shift’, said CEO David Zindo on April 11. ‘This new name reflects ...
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NewsSiemens Mobility expands locomotive manufacturing and services site
GERMANY: Siemens Mobility is expanding its locomotive manufacturing and services plant in München-Allach.
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NewsJoint venture offers rail asset digitisation by drone
AUSTRIA: SmartDigital Group and Plasser Group’s Digital Railway Solutions have formally established the Dynamic Rail Utilities Monitoring joint venture which will use unmanned aircraft and AI to build digital models of rail infrastructure assets. ‘With SmartDigital we are able to digitise a route from the air ...
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NewsLease information module added to fleet management software
USA: Railinc’s TransmetriQ has added a Lease Management module to its wagon asset management software, providing wagon owners and lessees with a central location for storing detailed lease information such as renewal dates and repair responsibilities. ‘The new module addresses a lack of visibility to lease ...
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NewsStadler sees growth amid the turmoil
Continuing the remarkable expansion of recent years, Swiss-based Stadler remains profitable as it pivots towards the signalling sector. Toma Bačić reports from the company’s headquarters in Bussnang.
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Rail Business UKRail cybersecurity firm secures funding for international growth
UK: Railway cybersecurity firm RazorSecure has sourced £1·3m of funding to support its plans for expansion in the Europe and North American markets over the next five years. The funding is coming from national debt financier Frontier Development Capital’s Advanced Manufacturing Supply Chain Initiative Recycled Fund, ...
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NewsOperail completes disposal of wagon leasing fleet
ESTONIA: National freight operator Operail has completed its exit from the wagon leasing business, with the sale of the final 1 036 vehicles in February and March. More than 40 companies were invited to participate in the sale of the fleet, and 20 opted to make ...
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NewsCummins and Leclanché to collaborate on lower-emissions traction
INTERNATIONAL: Engine manufacturer Cummins and lithium-ion battery technology company Leclanché have signed a memorandum of understanding to collaborate on a range of hybrid, battery and fuel cell products for rail and marine applications. The two companies plan to offer customer an integrated package which will include ...
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NewsRolling stock identification rules adopted
INTERNATIONAL: A voluntary standard for permanently attaching a Unique Rail Vehicle Identification System identifier to rolling stock has been adopted by the Inland Transport Committee of the United Nations Economic Commission for Europe.
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NewsRENFE passengers get access to digital newspapers and magazines
SPAIN: National operator RENFE is to make the PressReader digital newspaper and magazine platform available to passengers before departure as well as onboard its trains. A link to access PressReader will be sent to passengers by e-mail or text message prior to their departure, enabling travellers ...