Railway supply industry news – Page 116
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NewsBombardier opens Indian information services hub
INDIA: Bombardier Transportation has opened an information services hub at Gurgaon in the Delhi National Capital region. The new facility will work with the existing hubs in Canada and Germany to form an integrated team serving Bombardier Transportation locations across the world. Bombardier Transportation aims to ‘leverage the ...
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NewsBombardier completes sale of 30% stake in Transportation business
BOMBARDIER: Pension and insurance investor Caisse de Dépôt et Placement du Québec’s US$1·5bn purchase of a 30% stake in Bombardier’s Transportation business was completed on February 11. This follows regulatory approval for the deal which had been announced last November. CPDQ has acquired a 30% stake in Bombardier Transportation ...
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NewsKazakh locomotive factory to be hub for exports
KAZAKHSTAN: Alstom announced on February 11 that it had completed the acquisition of an additional 25% stake in the EKZ electric locomotive manufacturing business from national railway KTZ, taking its shareholding to 50%. KTZ retains 25%, with the other 25% being held by Transmashholding. The deal had been agreed December ...
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NewsBozankaya and Bombardier sign high speed train production agreement
TURKEY: Bombardier Transportation and local supplier Bozankaya signed a memorandum of understanding in Ankara on February 9 to co-operate in high speed train production.The framework agreement envisages construction of a factory should the two companies win orders for high speed rolling stock from national operator TCDD, which is expected to ...
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NewsAsset manager invests in Akiem loco leasing business
EUROPE: SNCF Logistics subsidiary ERMEWA has announced an agreement for Deutsche Asset Management to take a 50% equity stake in its Akiem locomotive leasing business with effect from March. ERMEWA said it was aiming to consolidate Akiem's position in the ‘rapidly expanding’ freight locomotive leasing market. The greater resources at ...
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NewsKnorr-Bremse buys TMD Friction’s rail activities
EUROPE: Knorr-Bremse Group has acquired the railway brake pad development and manufacturing activities of Nisshinbo Holdings subsidiary TMD Friction. TMD Friction’s entire rail sector portfolio and its site at Manchester in the UK are being transferred to Knorr-Bremse. The facility at Coswig in Germany is being retained by TMD Friction ...
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NewsRambus buys Smart Card Software Ltd
TICKETING: California-based semiconductor and IP products company Rambus Inc has paid £64·7m in cash to acquire the outstanding shares in UK-based Smart Card Software Ltd. This includes Bell Identification’s mobile payment technology and Ecebs’ smart ticketing platform, which are to be incorporated into the Rambus Cryptography Research Division. ‘The secure ...
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NewsStrukton Rail takes stake in Dual Inventive
NETHERLANDS: Strukton Rail signed an agreement to take a 50% stake in track worker safety technology company Dual Inventive Holding on February 4. Dual Inventive develops products intended to increase safety, productivity and asset utilisation, including possession management, automated warning, and condition monitoring systems. It has 21 employees and ...
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NewsRailway supply industry news in brief
Presenting its 2015 financial results on January 28, EMD parent company Caterpillar said ‘continuing weakness in economic conditions in much of the world is expected to be negative for sales of power generation equipment, industrial engines, marine and rail’ in 2016. French company Certifer has established an Australian subsidiary in ...
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NewsEuropean approval for CDPQ’s Bombardier deal
BOMBARDIER: The European Commission announced on February 1 that had approved the agreement announced on November 19 which will see Canadian pension and insurance investor Caisse de Dépôt et Placement du Québec invest US$1·5bn to acquire a 30% stake in Bombardier Transportation (Investment) UK Ltd, a new UK-registered holding company ...
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NewsMobile ticketing technology partnership
TICKETS: Mobile payment specialist Penrillian and smart ticketing software developer Ecebs announced an agreement to combine complementary mobile ticketing technologies during the Transport Ticketing & Passenger Information Global 2016 conference and exhibition in London on January 26. Ecebs is now Penrillian’s preferred Part 11 provider for the white-label Voyager app, ...
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NewsRail Supply Group outlines UK industrial strategy
UK: Entitled Fast Track to Growth, the Rail Supply Group’s industrial strategy for the industry was launched in Coventry on February 1 at an event attended by Transport Secretary Patrick McLoughlin and Secretary of State for Business, Innovation & Skills, Sajid Javid.Described as a ‘detailed action plan for manufacturing and ...
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NewsERMEWA merges wagon leasing brands
ERMEWA: Leasing company Ermewa has merged its grain wagon leasing business Compagnie de Transports de Céréales and construction materials wagon specialist Société de Gérance de Wagons de Grandes Capacités into the main Ermewa brand with effect from the start of 2016. Ermewa now has a combined fleet of more ...
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NewsGE and TMH announce Russian diesel engine joint venture
RUSSIA: A strategic business plan for the formation of a diesel engine manufacturing joint venture at Penza in Russia was signed by GE and Transmashholding on February 1. GE said the project would address the locomotive needs of Russian Railways, and also supply engines for maritime and distributed power applications. ...
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NewsEVRAZ wheels certified as TSI-compliant
EUROPE: Russian steelmaker EVRAZ NTMK has begun production of two more types of wagon wheel for the European market, after Czech railway research institute VUZ certified the production process as being compliant with TSI requirements. EVRAZ said the solid-rolled 920 mm BA 314 and ВА 005 wagon wheels are among ...
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NewsLuxembourg Protocol will reshape rolling stock funding
INTERNATIONAL: Greater private sector investment in rolling stock is expected following the adoption of a new protocol on the ownership of railway assets, which will come into force after sufficient countries sign up over the coming months. Adopted in February 2007, the Luxembourg Protocol to the 2001 Cape Town ...
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NewsAlstom completes share buy-back
ALSTOM: The public share buy-back offer which aimed to return to shareholders part of the proceeds of the energy business transaction with General Electric has been successfully completed, Alstom announced on January 28. Following the reduction mechanism, 91·5 million shares representing around 29·5% of Alstom's capital have been repurchased ...
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NewsUnieco to sell CLF stake to Strukton Rail
ITALY: Unieco has called on a put option for co-owner Strukton Rail to buy out its 40% stake in railway construction contractor Construzioni Linee Ferroviarie by the end of June 2016. Strukton Rail has been a shareholder of CLF since 1998, and increased its stake from 40% to 60% ...
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NewsRailway supply industry news in brief
GoEuro has signed a partnership with SNCF adding more than 3 000 stations to its rail, coach and air journey planner. On January 30 more than 200 developers will travel from Firenze SMN to Arezzo on a Coradia Meridian trainset, as part of the HackToscana hackathon which aims to promote ...
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NewsNorfolk Southern announces cost-cutting plan
USA: Norfolk Southern Corp announced details of a strategic plan to become a 'faster, lower cost and more profitable railroad' on January 27, saying it expects to achieve annual productivity savings of $130m in 2016 and more than $650m by 2020. The plan is the result of a six-month evaluation ...