Railway supply industry news – Page 112
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NewsRailway supply industry news round-up
GE Transportation confirmed on December 8 that it had purchased Iders Incorporated, an electronics and technology specialist which supplies the GoLINC data processing and storage platform already used on many GE diesel locomotives. The acquisition is the latest step in a partnership that has seen the two companies work together ...
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NewsHitachi awarded Frecciarossa maintenance contracts
ITALY: Hitachi Rail Italy has been awarded two contracts worth a total of €100m, covering the provision of maintenance services for Frecciarossa high speed trainsets operated by Trenitalia. Worth €79m, the first contract covers the provision of spare parts and labour to maintain the Frecciarossa 1000 fleet over a period ...
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NewsRemtrak upgrades Idzikowice works
POLAND: The Remtrak rolling stock maintenance business of passenger operator PKP Intercity held a ceremony on November 29 to mark the completion of a 10m złoty upgrade programme at its Idzikowice works, including the construction of a new paint shop and the extension of the existing maintenance building. The expanded ...
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NewsVossloh acquires Rocla Concrete Tie
USA: As part of a strategy to strengthen its core rail infrastructure business, Vossloh has acquired North American concrete sleeper manufacturer Rocla Concrete Tie, at an estimated cost of US$117m. The contract to acquire Rocla from Altus Capital Partners II was signed on December 5, and subject to regulatory approval ...
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NewsRailway supply industry news round-up
United Wagon Co has completed the sale of 100% of its Vostok1520 freight transport business to Industrial Investors Group’s First Heavy Haul, and is now to acquire a 19·9% stake in First Heavy Haul Co. Systra has raised €117m in debt with Crédit Agricole Corporate and Investment Bank, Société Générale, ...
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NewsWabtec completes acquisition of majority stake in Faiveley Transport
INDUSTRY: 'The acquisition of Faiveley Transport is an excellent strategic fit, expanding our geographic presence, broadening our product and service capabilities, and strengthening our technology and innovation initiatives', said Wabtec Executive Chairman Albert J Neupaver on November 30, when the US-based group completed its purchase of the Faiveley family's 51% ...
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NewsYoung designers to the fore
CHINA: In a bid to encourage better design and attract young talent into the rail sector, Chinese rolling stock manufacturer CRRC Qingdao Sifang Corp sponsored an international design competition alongside the second International Workshop on Rail Vehicle Industrial Design which it hosted in the Chinese port city on November 16-18. ...
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NewsCRRC confirms plan to buy Škoda Transportation
INDUSTRY: China Railway Rolling Stock Corp confirmed on November 28 that its CRRC Zhuzhou Electric Locomotive subsidiary was contemplating the acquisition of Škoda Transportation. CRRC stressed that no binding agreement had been reached. CRRC is understood to be reviewing the finances of the Czech manufacturer, with the details of any ...
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NewsWide-bodied Tulpar-Talgo coaches certified
KAZAKHSTAN: Wide-bodied coaches developed by Tulpar-Talgo for operation in the 1 520 mm gauge region have been certified for use in the Eurasian Economic Union member states of Belarus, Kazakhstan, Kyrgyzstan and Russia. The certification document was formally handed over in Astana on November 29. The 3 200 mm ...
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NewsAlstom update on Belfort rescue package
FRANCE: Timescales for the government-backed rescue package for Alstom's Belfort plant which had been announced on October 4 were given by Secretary of State for Industry Christophe Sirugue and Alstom Chairman & CEO Henri Poupart-Lafarge on November 28. This followed the first meeting of a monitoring committee which was formed ...
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NewsRailway supply industry news round-up
UGL Ltd has signed a 10-year extension to its existing agreement with GE for the sale and distribution, support and maintenance of locomotives, spare parts and associated services in Australia. 'This is an important, long-term alliance for UGL and GE, built on proven experience, combined capabilities and our shared focus ...
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NewsMelbourne High Capacity Metro Trains contract close
AUSTRALIA: Infrastructure investor Plenary Group announced on November 22 that it had reached contractual close on the Victorian government’s A$2bn High Capacity Metro Trains project. The PPP contract will see the Evolution Rail consortium of investor Plenary, design and technology lead CRRC Changchun Railway Vehicles and delivery and maintenance lead ...
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NewsThales to sell ticketing business
FRANCE: On November 18 Thales announced that it had entered into exclusive negotiations with private equity firm Latour Capital with a view to divesting its transport ticketing, revenue collection, road toll and car park management business. The proposed transaction would not involve Thales’ railway signalling and control activities. The ticketing ...
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NewsThales to sell ticketing business
FRANCE: On November 18 Thales announced that it had entered into exclusive negotiations with private equity firm Latour Capital with a view to divesting its transport ticketing, revenue collection, road toll and car park management business. The proposed transaction would not involve Thales’ railway signalling and control activities. The ticketing ...
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NewsRailway supply industry news round-up
On November 15 Mozambique became the second African country to sign the rail element of the Luxembourg Protocol to the Cape Town Convention on International Interests in Mobile Equipment. The Rail Working Group, which represents the industry in regard to the implementation of the protocol, said Mozambique plays a pivotal ...
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NewsPatriot Rail expands services business
USA: The Lakeshore Railcar Services subsidiary of short line and services group Patriot Rail has acquired the assets of specialist tank wagon and lorry cleaning company United Transportation Group. Based 30 km from central Chicago at East Chicago in Indiana, the company cleans dry, liquid, hazardous and non-hazardous commodity tanks, ...
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NewsInterpipe invests US$16·2m in production capabilities
UKRAINE: Interpipe has completed the second phase of a US$16·2m investment in railway-related production facilities at its Interpipe NTRP mill in Dnipro. This included expansion of wheelset production capacity with the aim of growing exports and entering the passenger wheelset market. The additional capacity will enable the company to increase ...
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NewsRailway supply industry news round-up
In the six months from April 1 to September 30 Alstom booked €6·2bn of orders leading to a new record-breaking backlog of €33·6bn. Sales were up 8% (7% organically) at €3·6bn and adjusted EBIT grew 20% to €200m, with an adjusted EBIT margin of 5·6%. Net income reached €128m and ...
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NewsITT to acquire Axtone
POLAND: US energy, transport and industrial component supplier ITT Inc has signed an agreement to acquire spring, buffer and coupler manufacturer Axtone for US$118m. The transaction is expected to close in Q1 2017, subject to customary conditions including regulatory approvals. ‘This agreement reflects our strategic commitment to enhancing our global ...
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Metro Report InternationalWheel and axle group to be sold to Chinese investor
GERMANY: Georgsmarienhütte Holding GmbH has reached an agreement to sell 100% of its wheel and axle subsidiary GMH Railway Systems to group of Chinese investors led by Full Hill Enterprises Ltd. GMH Railway Systems includes Bochumer Verein Verkehrstechnik which is a certificated wheel and axle manufacturer for China’s high speed ...