Railway supply industry news – Page 12
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Rail Business UKHarry Needle Railway Co secures funding for expansion plans
UK: Harry Needle Railway Co has secured £2m in funding from Frontier Development Capital to support a £6·2m plan to expand its engineering capabilities and modify locomotives to lower emissions. The funding is from FDC’s Advanced Manufacturing Supply Chain Initiative Recycled Fund, which aims to help ...
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NewsUkrainian wagon builder targets international expansion
AUSTRIA: Ukrainian company TAS Group has acquired a 40·03% stake in lightweight modular wagon development joint venture TransANT as part of its strategy of expansion into the international market. This reduces steelmaker Voestalpine’s stake in the Linz-based joint venture from 80·2% to 48·1% and ÖBB Rail ...
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NewsTalgo sees growth opportunities despite fall in profits
INTERNATIONAL: Spanish rolling stock manufacturer Talgo says it foresees an increase in revenue in 2023, driven by its ongoing projects and the good performance of the rail sector. It is working on several opportunities with a total value of €7·6bn for 2023-24, with Europe, the Middle ...
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Rail Business UKZonegreen acquired by Sentric Safety Group
UK: Sentric Safety Group has acquired railway depot safety equipment manufacturer Zonegreen. Sentric supplies safety equipment to the rail, energy and industrial sectors through its Kirk subsidiary in the USA, STI in France and Castell in the UK. Announcing the deal on March 10, Sentric General ...
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NewsTrinity Industries buys RSI Logistics
USA: Trinity Industries has acquired RSI Logistics, which has Software, Logistics Services, Terminals and Intermodal Transportation divisions active in the North American rail sector. The $70m deal was completed on March 8, with Trinity saying it would retain all RSI employees. ‘RSI expands the breadth and ...
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In depthHigh Speed: Keeping track of new line costs
Bane Nor and Civity have conducted econometric research into the factors influencing how far high speed rail project costs can be kept under control, with a view to learning lessons for future major rail schemes in Norway and elsewhere.
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NewsRhomberg Sersa to merge Australian subsidiaries
AUSTRALIA: Sydney-based structural design, metal fabrication and site installation company RKR Engineering and Rhomberg Rail Australia are to be merged as Rhomberg Sersa Australia with effect from April 1. The new name is part of a global rebranding of all Rhomberg Sersa Rail Group companies to ...
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NewsAŽD Praha to trial Czech digital branch line concept in Hungary
EUROPE: AŽD Praha says it plans to apply its ‘Intelligent Railway 4.0’ digital branch line concept on the Szeged – Röszke line in Hungary.
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NewsSiemens Mobility to open second US rolling stock manufacturing hub
USA: Siemens Mobility is to build a rolling stock production plant in North Carolina to augment its long-standing Californian factory in Sacramento.
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NewsAlstom and SBB agree final Twindexx compensation package
SWITZERLAND: Swiss Federal Railways and Alstom have reached an out of court settlement regarding compensation over the operator’s Twindexx EMU fleet.
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Rail Business UKKnorr-Bremse expands aftermarket business with acquisition of Westcode UK
UK: Knorr-Bremse has bought Unipart Rail’s Wiltshire-based door, pneumatics, brake actuation and HVAC business Westcode UK, saying the acquisition will expand its RailServices aftermarket activities as a one-stop-shop for the train subsystem life cycle. ‘RailServices is — alongside the provision of new equipment for trains — ...
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NewsGamuda to acquire Downer transport projects arm
AUSTRALIA: Malaysian engineering group Gamuda has signed a binding agreement to acquire Downer EDI’s Australian Transport Projects division, continuing its expansion into the Australian market. Local subsidiary Gamuda Australia has already expanded from around 50 employees to almost 400 in less than a year, and the ...
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Rail Business UKAbellio UK becomes Transport UK Group as buy-out concludes
UK: Dutch national train operator NS announced on March 1 that its international operating arm Abellio had formally completed the divestiture of its UK subsidiary through a management buy-out.
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NewsŠkoda Group acquires ETCS software specialist The Signalling Company
BELGIUM: Škoda Group has bought a majority stake in train control technology specialist The Signalling Company. The Czech company announced on February 21 that it had acquired a 93·9% stake, leaving TSC executives Stanislas Pinte and Frédéric Du Jardin holding the remaining 6·1%. Škoda said TSC ...
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Rail Business UKGWR buys Vivarail battery train assets to secure Greenford trial
UK: Great Western Railway has agreed contracts to buy Vivarail’s battery train related assets, saying this will secure the future of planned trials of the technology in London. The deal announced on February 16 includes intellectual property, rolling stock and equipment relating to the development of ...