Railway supply industry news – Page 122
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NewsSENSR acquired by Georgetown Rail Equipment Co
USA: Georgetown Rail Equipment Company has acquired structural monitoring equipment manufacturer SENSR from Reference LLC. ‘We are very excited to be able to expand our product offerings to the rail industry and beyond by acquiring a very key product that is showing itself to be important and valuable to the ...
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NewsTransnet signs R2·8bn locomotive loan
SOUTH AFRICA: A R2·8bn loan agreement was signed by freight operator Transnet and Germany’s KfW Development Bank on June 22. Transnet is to use the proceeds to fund the acquisition of 240 Bombardier Transportation electric locomotives it has ordered as part of its programme to acquire 1 064 locomotives from ...
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NewsFaiveley Transport sets out three-year business plan
FAIVELEY TRANSPORT: A three-year strategic plan unveiled by Faiveley Transport aims to make the company ‘one of the three leaders in the rail equipment market’ for its target geographical and product sectors. ‘This major corporate project will bring together all teams and create value for everyone’, said Chairman & ...
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NewsMetalocaucho acquired by Wabtec
SPAIN: Wabtec Corp has acquired Metalocaucho, which manufacturers rubber-metal components for rolling stock suspension and vibration control systems. Metalocaucho has around 100 employees at locations in Spain, China and India. It has annual sales of US$25m, with its main markets being Europe, China and India. ‘Metalocaucho expands our geographic footprint ...
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NewsTurkish locomotive developed with domestic technology
TURKEY: Tülomsaş has rolled out a prototype electric locomotive designed and manufactured using Turkish technology. Intended for shunting and short-distance light freight duties, the E1000 is a single-cab Bo-Bo rated at 1 MW. It has been produced in partnership with research agency Tubitak and national railway TCDD under a ...
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NewsTüvasaş and Voith open workshop
TURKEY: Tüvasaş and Voith have opened a joint maintenance, repair, and assembly workshop at the Turkish rolling stock manufacturer’s bogie plant in Adapazarı. The workshop undertakes the maintenance and repair of Voith Turbo transmissions used on DMUs operated by national railway TCDD, as well as local assembly activities and ...
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NewsŠkoda Transportation announces record results
ŠKODA TRANSPORTATION: Last year was as a record in terms of both production and sales, Škoda Transportation reports. Sales in 2014 were up more than 12% on the previous year to KC16·4bn, with net profit rising from KC1·75bn to KC2·27bn. The company produced 103 low-floor trams, as well as ...
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NewsRail.One to restructure into two businesses
RAIL.ONE: Concrete sleeper and ballastless track manufacturer Rail.One has announced plans for a corporate restructuring. Expected to be implemented during the third quarter of 2015, this will see separate companies formed for Germany, which it describes as ‘our most important market’, and for the ‘systematic further development’ of the company’s ...
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NewsVossloh signs Russian track collaboration agreement
RUSSIA: A memorandum to co-operate in the development of track components for high speed lines and for localised production was signed by Russian Railways and Vossloh AG during the 10th International Railway Business Forum Strategic Partnership 1520 in Sochi on June 5. RZD and Vossloh have been testing a turnout ...
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NewsChinese rolling stock manufacturers merge to form CRRC Corp
CHINA: CRRC Corp Ltd was officially launched on June 1 with the completion of the merger of rolling stock manufacturers China CNR Corp and CSR Corp. CRRC has inherited all the businesses and assets of CNR and CSR, which between than had a greater than 90% market share in ...
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NewsAlstom acquires Balfour Beatty stake in Signalling Solutions Ltd
SSL: Alstom announced its acquisition of Balfour Beatty’s 50% stake in the Signalling Solutions Ltd joint venture on May 28, giving it sole ownership. The price was not disclosed. Alstom said the business would ‘continue to trade as SSL for the foreseeable future.’ The 50:50 joint venture was established by ...
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NewsHitachi Rail Europe opens Milton Keynes office
UK: Hitachi Rail Europe has opened an office in Milton Keynes to house its Learning & Development division and also the project team working on the AT200 electric multiple-units ordered for Abellio's ScotRail franchise. There will initially be 25 staff at the office, with capacity for up to 50. Hitachi ...
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NewsRail Connection wagon leasing joint venture formed
USA: Industrial and transport sector investment advisor ITE Management and the Rail Connection Inc subsidiary of wagon repair and maintenance company Appalachian Railcar Services have formed a joint venture to acquire, lease and operate wagons. The companies said the Rail Connection LLC joint venture would ‘focus on ...
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NewsVossloh and VR form track joint ventures
FINLAND: Vossloh and the VR Group’s infrastructure construction subsidiary VR Track have formed two joint ventures which will operate three turnout production sites and a long welded rail plant. Vossloh will have a 60% stake in each of the joint ventures, which it expects to have a total annual turnover ...
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NewsZSSK Cargo wagon sale approved
SLOVAKIA: Competition authority PÚSR gave a final approval for the wagon sale and leaseback deal between national rail freight operator ZSSK Cargo and leasing company VTG on May 12. The entry of a strategic partner to Cargo Wagon is part of a plan to consolidate the freight business which the ...
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NewsElectrification co-operation agreement
EUROPE: Austrian railway electrification and transmission line specialist Powerlines Group and Italian railway substation, switchgear and control systems manufacturer Mont-Ele announced a strategic co-operation agreement on May 19. ‘This synergetic partnership will be of benefit to both parties’, said Powerlines Group CEO Gerhard Ehringer. ‘Powerlines has found a reliable supplier ...
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NewsCSR and universities to establish UK rail research centre
UK: High speed train builder CSR Qingdao Sifang is to establish a centre for railway research and development in the UK under a series of co-operation agreements signed with three British universities during the Railtex 2015 exhibition in Birmingham on May 12. To be developed by CSR Sifang in co-operation ...
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NewsStrong franc brings Huber+Suhner structural changes
SWITZERLAND: Cable, connector and antenna systems supplier Huber+Suhner announced measures to cope with the impact of ‘negative effects due to the strong Swiss franc’ on May 12. The changes will lead to around 25 early retirements and 25 redundancies at its Herisau and Pfäffikon sites in 2015, along with ...
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NewsLeica Geosystems acquires mobile mapping technology firm
EUROPE: Leica Geosystems has acquired Technet-Rail 2010, a Berlin-based firm which develops ‘big data’ geospatial software applications for the rail industry. These use a ‘highly-mathematical and probability-perception approach’ to analyse large 3D datasets for tasks such as dynamically extracting clearances and gauges over rail networks. Leica Geosystems said the ...
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NewsBombardier confirms plans for Transportation IPO
BOMBARDIER: On May 7 President & CEO Alain Bellemare confirmed that Bombardier Inc is preparing for an initial public offering of a minority stake in its Transportation business, when he presented the group’s financial results for the first quarter ended March 31. The IPO is planned for the fourth ...