Railway supply industry news – Page 125
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NewsKKR buys ticket retailer Trainline
UK: Investment firm KKR announced its acquisition of online ticket retailer Trainline from Exponent Private Equity on January 22. Financial details are not being disclosed. Trainline is licensed to sell rail tickets on behalf of all UK Train Operating Companies, Deutsche Bahn and Trenitalia. KKR said Trainline had the ...
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NewsKB Holding makes Vossloh takeover bid
GERMANY: KB Holding GmbH announced an offer to acquire the entire stock of Vossloh AG on January 20. It currently holds 29·99% of the shares, and German law requires a takeover offer to be made once a stake reaches 30%. KB Holding said it intends to offer a price based ...
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NewsUK plans world-class railway supply industry
UK: On January 21 the Rail Supply Group published ‘Fast Track for Growth’, a ‘vision statement’ for the development over the coming months of a long-term rail industrial strategy including ‘a clear implementation plan’. Bringing together government and the supply industry as well as train operators, Network Rail and HS2 ...
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NewsCK Investments to buy Eversholt Rail leasing company
UK: An agreement for CK Investments to buy 100% of rolling stock leasing company Eversholt Rail Group was announced on January 20. The transaction with an equity value of £1·1bn and enterprise value of £2·5bn is expected to close in March, subject to regulatory approval from the European Commission. ...
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NewsPatient globalisation bears fruit
KNORR-BREMSE: Knorr-Bremse Group has announced ‘best ever’ sales of €5·2bn for 2014, a year-on-year increase of 21%. Expanding markets saw orders up 18% to a record €5·5bn. The Rail Vehicle Systems division achieved ‘substantial growth’, with sales of €2·98bn compared to €2·25bn the previous year. This was primarily due to ...
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NewsVoestalpine acquires Sydney Trains' track component business
AUSTRALIA: Following a competitive tender, Sydney Trains has selected Voestalpine VAE Railway Systems to buy its Bathurst Rail Fabrication Centre track component and rail welding plant. ‘A 2012 review of the BRFC found it to be a solid business that would benefit from the innovation and technology of private ...
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NewsSilverRail acquires SJ ticketing technology company Linkon
SWEDEN: US-based passenger rail search and booking technology company SilverRail Technologies has acquired a 75% stake in Swedish national operator SJ’s ticketing IT business Linkon. Linkon provides ticketing IT systems including mobile and e-ticketing, inventory management and settlement. SilverRail is to retain Linkon’s full team and offices in Stockholm and ...
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NewsOn-track plant delivered to Bulgarian contractor
BULGARIA: Rail infrastructure contractor ZHP Stroy has taken delivery of five machines ordered from Plasser & Theurer in 2013 as the basis for a track construction and maintenance fleet it plans to use across Bulgaria and the Balkans. The PA 1-20 ES twin-unit sleeper layer has electronic controls enabling ...
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NewsStrukton Rail wins track maintenance contract
SWEDEN: Infrastructure manager Trafikverket has awarded Strukton Rail a €50m contract to maintain 360 track-km of railway in southern Sweden for five years from September 1 2015, with an option for a further two years. The contract announced on January 8 covers the routes from Malmö to Simrishamn and ...
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NewsKnorr-Bremse to buy Selectron Systems
SWITZERLAND: Knorr-Bremse has signed an agreement to acquire rail vehicle automation, networking and control technology supplier Selectron Systems. Selectron Systems is based in Lyss and has more than 100 employees. Knorr-Bremse said customers of both companies would benefit in the original equipment, operations and aftermarket sectors, with Selectron Systems ...
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NewsSwedish EMU maintenance contracts awarded
SWEDEN: Alstom has been awarded two contracts to maintain commuter and regional electric multiple-unit fleets, which will take the total number of trainsets it maintains in Sweden to 219. One contract covers the maintenance of 63 EMUs, including 22 from Alstom’s Coradia Nordic family, on behalf of SJ which was ...
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NewsGreenbrier announces ‘strategic investment’ in Brazil
BRAZIL: The Greenbrier Companies announced an agreement to acquire a 19·5% stake in wagon manufacturer Amsted-Maxion Hortolândia for US$15m on January 7. The deal is expected to close in the second quarter of 2015, and the US company also has an option to acquire an additional 40·5% stake by September ...
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NewsWagon leasing company acquisition completed
EUROPE: Wagon leasing and logistics group VTG AG completed the acquisition of Swiss leasing company Ahaus Alstätter Eisenbahn Holding AG on January 6, following approval from the competition authorities in Germany, Austria, Poland and Russia. ‘I am delighted that we have been able to take this step just three months ...
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NewsRailway supply industry news in brief
Systra has acquired Indian transport, building and environmental engineering consultancy SAI, which has 600 staff and turnover of €11m. The deal will ‘enrich Systra’s expertise in the field of railway design’, according to Systra board member Bruno Schmitt, and ‘give Systra the critical mass necessary to become a major player ...
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NewsCNR and CSR agree merger terms
CHINA: In a statement to the Shanghai Stock Exchange on December 30, the two state-owned rolling stock manufacturers China CNR Corp and CSR Corp confirmed that they had agreed terms for a merger to create the world’s largest rail vehicle supplier, subject to final ratification by the State Council. The ...
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NewsBanknote processor reinvented
SWITZERLAND: Swiss engineering company CI Tech has unveiled its next-generation banknote processing unit. Developed over the past three years, the CI Note Line is intended to replace the supplier’s BIM and Lobby 90 designs, with a specific focus on ticket vending machines in the transport market, as well as retail ...
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NewsStrukton Rail pulls out of German track construction
GERMANY: Strukton Rail is to end its small-scale track construction and renewal activities in Germany, where the market ‘offers insufficient prospects’. Strukton Rail has been active in the German track construction and renewal sector since acquiring Georg Reisse GmbH in 2007. Its turnover from small-scale activities in Germany amounted ...
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NewsLB Foster to distribute Tracksure fastenings
INTERNATIONAL: Following two years of testing and research, LB Foster Co has signed an agreement to sell Tracksure’s range of rail fastenings in North America. The UK firm’s patented fasteners are designed to prevents nuts loosening through vibration and settlement. Once the nut has been tightened to the accepted ...
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NewsTrack Tec acquires ThyssenKrupp turnout and fastening business
GERMANY: Track Tec has signed an agreement to acquire ThyssenKrupp GfT Gleistechnik’s Coswig-based turnout and rail fastening business with effect from January 1. The price was not disclosed. ThyssenKrupp had announced plans to dispose of the track component business in March, saying it was unprofitable and 'under extreme cost pressure'. ...
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NewsInternational Alliance of Rail Vehicle Industrial Design established
CHINA: An International Alliance of Rail Vehicle Industrial Design has been established by CSR Sifang, China Industrial Design Association, European Design Alliance, Tsinghua University and other ‘design agencies, universities and enterprises’ from more than 40 countries including Switzerland, the USA, Germany, France, Italy, Japan and Spain. CSR Corp said the ...