Railway supply industry news – Page 14
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NewsUkrainian Eurobonds restructured to support wartime rail operations
UKRAINE: The holders of two issues of Eurobonds totalling US$895m have accepted proposals from national railway Ukrzaliznytsia to delay the repayment of the principal debt by two years. UZ explained that this would reduce the burden on its liquidity and contribute to stable operations during wartime ...
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NewsOperail agrees sale of Finnish rail freight business
FINLAND: Nurminen Logistics has signed an agreement to purchase the Finnish activities of Operail, the Estonian state freight operator which is divesting its non-core activities. Subject to Finnish regulatory approval of €27·7m sale and purchase agreement announced on January 13, the entire share capital of Operail ...
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Rail Business UKTÜV Rheinland acquires railway gauging specialist D/Gauge
UK: Quality and safety organisation TÜV Rheinland has acquired railway gauging and clearance assessment consultancy D/Gauge, which will be fully integrated into its structure as a subsidiary of TÜV Rheinland UK. TÜV Rheinland said the acquisition was an important foundation for further growth in the rail ...
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NewsFrench companies take on China in Thailand’s rail market
THAILAND: The Rail Technology Research & Development Agency has signed a memorandum of understanding with four French companies which are aiming to strengthen their links with Thai partners in what Systra said is ’a context of increasing competition in the region, particularly with Chinese technologies’. Thailand’s ...
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Metro Report InternationalKeolis financing linked to sustainability targets
KEOLIS: Public transport operating group Keolis has issued its inaugural sustainability-linked Schuldschein, a private placement with a margin adjustment mechanism linked to environmental, diversity and safety performance. KPIs include the proportion of employees in subsidiaries covered by environmental management system certification; reducing greenhouse gas emissions; increasing ...
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NewsDB to investigate sale of Schenker logistics business
GERMANY: Deutsche Bahn’s supervisory board has tasked the management board with examining a potential sale of up to 100% of its DB Schenker land, air and sea freight forwarding business. Announcing the decision on December 15, DB said Schenker had made a significant contribution to the ...
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NewsRELAM acquires road-rail vehicle supplier
USA: Track maintenance equipment lessor RELAM has expanded with the acquisition of Wisconsin-based road-rail vehicle sales, rental and support company Wiskerchen. Announcing the deal on January 5, RELAM said it has identified road-rail vehicles as a core product category in its long-term growth plan, and the ...
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NewsLongwood exits Greenbrier wagon leasing joint venture
USA: The Greenbrier Companies has acquired Longwood Group’s 10% minority interest in the GBX Leasing wagon leasing joint venture, which was established in February 2021 to provide ‘stable and tax-advantaged’ cash flows to complement more cyclical revenues from Greenbrier’s wagon manufacturing activities. ‘Greenbrier has enjoyed a ...
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NewsBolloré completes African logistics sale
AFRICA: French industrial conglomerate Bolloré has completed the sale of its Bolloré Africa Logistics business, including three railway concessions in Côte d’Ivoire, Burkina Faso, Cameroon, Bénin and Niger.
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NewsGearbox predictive maintenance collaboration
INTERNATIONAL: Rail gearbox supplier GGT Gmeinder Getriebetechnik and industrial internet of things company Stimio have worked together to produce a gearbox oil monitoring sensor with connectivity to support predictive maintenance. Gmeinder’s GGT-GearSaverman oil-condition sensor monitors gearbox operating data including metal abrasion, temperature, oil quality, relative humidity ...
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NewsCommunications joint venture formed
KAZAKHSTAN: National railway KTZ has signed an agreement with Hytera Communications and BT Signal to develop a centre of competence for broadband railway communications systems. This is intended to help accelerate the introduction of future-proof communication systems to the Kazakh rail network. It will provide a ...
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NewsRailpool breaks ground for Hamburg locomotive workshop
GERMANY: Leasing company Railpool has broken ground to launch construction of an eco-friendly locomotive workshop at its Hamburg Billbrook site. ‘By investing in a future-proof workshop infrastructure, we are making an important contribution to the rail industry by providing the maintenance capacity required for the growing ...
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NewsStadler signs Kazakh rolling stock contracts
KAZAKHSTAN: Stadler has signed three contracts totalling €2·3bn to supply national railway KTZ with 537 coaches in 2023-30, provide full-service maintenance for 20 years and acquire a local production facility. The order includes 234 sleeping cars with 40 berths, 233 couchette cars with 58 seats, 35 ...
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NewsCDPQ completes acquisition of leasing company Akiem
EUROPE: Canadian pension and insurance investor CDPQ has completed the acquisition of locomotive leasing company Akiem from SNCF Group and DWS. Exclusive negotiations with CDPQ began in August following a competitive auction. Closing of the transaction was announced on December 9 following staff consultations and regulatory ...
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NewsA Stucki recapitalisation completed
USA: Middle-market private equity firm Stellex Capital Management and investment company Eldridge have completed the recapitalisation of rolling stock component, remanufacturing and logistics services company A Stucki Co, which operates 21 facilities in the USA, Mexico and Brazil. ‘We believe Stucki is an exceptional business with ...
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Rail Business UKCompetition concerns over Hitachi’s planned acquisition of Thales signalling business
UK: The Competition & Markets Authority has expressed concern that Hitachi Rail’s planned acquisition of Thales’ Ground Transportation Business could eliminate a credible competitor for the supply of signalling systems, at a time when efforts are being made to increase competition in the UK market. Hitachi ...
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