Railway supply industry news – Page 111
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NewsUijeongbu light metro operator files for bankruptcy
SOUTH KOREA: Uijeongbu LRT Co filed for bankruptcy at the Seoul Central District Court on January 11. The operator of the light metro line in the city of 500 000 inhabitants 20 km north of Seoul had debts of more than 240bn won at the end of 2016. When ...
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NewsRift Valley Railways for sale
AFRICA: Egypt-based energy and infrastructure group Qalaa has confirmed that ‘preliminary negotiations are ongoing’ with several prospective local and international buyers for its 73·76% stake in Kenya – Uganda railway concessionaire Rift Valley Railways. On January 5 Qalaa said no official offer had yet been made or any agreement reached. ...
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NewsToshiba targets European hybrid locomotive market
GERMANY: Japan’s Toshiba and DB Cargo have agreed to undertake a feasibility study for the joint development and subsequent purchase of an initial 100 battery-diesel hybrid locomotives for shunting and short-distance freight operations. Test vehicles are expected to be available by the end of 2019. The value of the deal ...
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Metro Report InternationalIran develops domestic metro supply industry
IRAN: Significant steps have been taken towards establishing a domestic urban rail supply chain, Tehran Urban & Suburban Railway Operation Co’s Chief Executive Dr Ahmadi Bafandeh told the inaugural conference of the Iranian metro supply industry. The event held in the capital during December attracted representatives from ...
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NewsComprehensive mobility cuts the mustard
FRANCE: A new operations contract for the Divia public transport network in Greater Dijon came into effect on January 1, with an expanded scope. In addition to managing the bus and tram networks, Keolis will be responsible for cycle hire and car parking. Keolis says that this ‘comprehensive mobility approach’ ...
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NewsRailway supply industry news round-up
In an interview with Schweiz am Sonntag published on January 1, Stadler Rail owner and CEO Peter Spuhler said he was considering a return to Swiss politics and how to go about securing the long-term future of the company. This could include the sale of a stake in the business ...
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Metro Report InternationalKPMG predicts better use of information and more M&A activity in 2017
The changing market means business as usual will not be an option for UK transport and logistics operators in 2017, according to James Stamp, UK Head of Transport at KPMG. The international professional service group predicts that the UK market will be affected by a number of factors this year.
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NewsAlpha Trains completes €605m refinancing
EUROPE: Leasing company Alpha Trains has completed the integration of 63 of its electric multiple-units into its ring-fenced senior secured financing platform, along with a refinancing of existing bank facilities and the addition of a further capex facility. The Stadler and Bombardier EMUs have been operating since the end of ...
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NewsRailway supply industry news round-up
The Solaris Tram joint venture announced by Stadler and Solaris at InnoTrans 2016 is to be formally established with effect from January 1, initially targeting customers in Poland and Germany. The partners plan that each will hold 40% of the joint venture, with remaining 20% to be offered to outside ...
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NewsWabtec purchases Workhorse Rail
USA: Wabtec Corp has acquired Workhorse Rail, which supplies wagon components including couplers and related parts, mainly for the North American aftermarket, with annual sales of $35m. ‘Workhorse Rail brings an excellent reputation, strong engineering capabilities and new products to our portfolio’, said Wabtec President & CEO Raymond T Betler ...
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NewsSMBC Rail to buy American Railcar Leasing
USA: Wagon leasing company SMBC Rail Services announced on December 19 that it had reached agreement to acquire the American Railcar Leasing business currently owned by investment group Icahn Enterprises. The transaction is expected to complete in the first half of 2017. SMBC Rail will pay $2·78bn in cash for ...
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NewsVossloh Electrical Systems sold to Knorr-Bremse
GERMANY: On December 21 Vossloh signed a contract for the sale of its Electrical Systems business unit to Knorr-Bremse. The transaction is expected to close in the first quarter of 2017, subject to regulatory approval, and would be backdated to July 1 2016. The deal is worth €72·5m in cash, ...
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News
Alstom to buy Nomad Digital
UK: Alstom announced on December 21 that it had signed an agreement to buy onboard connectivity technology company Nomad Digital for an undisclosed price. Alstom said Nomad would bring ‘complementary leading-edge products’ and a strong global footprint with 80 major customers in more than 40 countries, which would accelerate its ...
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NewsChina Railway Corp and MTR co-operate to go global
CHINA: State railway group China Railway Corp and Hong Kong-based international transport operator MTR Corp signed a letter of intent to explore strategic co-operation ‘within and outside of’ China on December 16, aiming to support the Chinese rail industry’s ‘Go-Global’ strategy. CRC and MTR are to form a strategic partnership ...
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NewsRailway supply industry news round-up
DB Systemtechnik has acquired a 75% stake in InfraView, a Mainz-based company which develops infrastructure and rolling stock diagnostic software. InfraView has worked with DB Netz to develop a predictive maintenance platform for turnouts, which has reduced the number of failures by 50%. Yekaterinburg-based NPO Avtomatika and Czech company ...
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NewsG&W buys terminal operator to complement Freightliner
UK: Genesee & Wyoming Inc has entered into an agreement to purchase UK container terminal and road haulage operator Pentalver Transport Ltd from APM Terminals. The transaction is expected to close in Q1 2017. Pentalver operates off-dock container terminals at the major seaports of Felixstowe, Southampton, London Gateway and Tilbury, ...
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NewsFS buys stake in Milano metro concessionaire
ITALY: State railway group FS is to acquire its first stake in a metro line, with the signing of an agreement to purchase a 36·7% holding in Milano metro Line 5 concessionaire Metro 5 SpA from Astaldi for €64·5m. Astaldi will retain a 2% stake. FS Chief Executive Renato Mazzoncini ...
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NewsTrailblazer sets standards
UK: The National Training Academy for Rail in Northampton has adopted a new standard for apprenticeship management known as Trailblazer. Intended to provide a framework to ensure apprentices in the rail sector receive technical, professional and occupational learning in railway engineering, Trailblazer has been agreed over the past two years ...
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NewsBombardier rationalises German business
GERMANY: As part of its corporate restructuring programme announced in October, Bombardier Transportation confirmed on December 9 that it was ‘repositioning’ its German operations ‘to strengthen its position as a leading manufacturer of railway technology’. Citing a ‘challenging market environment’, the company said the ‘strategic realignment’ would put ‘a strong ...
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NewsFirst British IEP unveiled
UK: The first electro-diesel trainset to be assembled at Hitachi Rail Europe's Newton Aycliffe plant in northeast England was officially unveiled on December 9, in a ceremony attended by Secretary of State for Transport Chris Grayling and Japanese Ambassador Koji Tsuruoka. As part of the Agility Trains PPP consortium, Hitachi ...