Railway supply industry news – Page 20
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Metro Report InternationalMTR Corp to invest in start-ups
CHINA: MTR Corp and Hong Kong Cyberport Management Co Ltd have signed a memorandum of understanding for a two-year collaboration to invest in digital technology start-ups. The MTR Lab and Cyberport Macro Fund will select start-ups from Cyberport’s ecosystem that have potential and suit MTR’s rail ...
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Rail Business UKDellner acquires Ferrabyrne
UK: Rubber-to-metal bonded components and rail suspension supplier Ferrabyrne Ltd has been acquired by the Dellner Polymer Solutions subsidiary of Sweden’s Dellner Group. Ferrabyrne will continue operating from its 3 000 m2 factory in Littlehampton, which supplies rolling stock manufacturers including Alstom, Hitachi, Siemens Mobility and ...
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NewsWagon leasing company Wascosa acquired
SWITZERLAND: Funds managed by Swiss Life Asset Managers and Vauban Infrastructure Partners have acquired wagon leasing company Wascosa from Philipp Müller and his family. The new owners said the ‘highly attractive and resilient’ rail market was benefiting from ‘structural tailwinds driven by an increased modal share’. ...
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NewsCAF close to acquiring Alstom’s Reichshoffen plant
FRANCE: CAF is in the final stages of taking over Alstom’s Reichshoffen rolling stock factory in Alsace, the Spanish company said on June 20. Alstom offered to divest the former De Dietrich plant and the Coradia Polvalent train family produced there in order to obtain European ...
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NewsRicardo and MxV Rail form rail technology and testing alliance
INTERNATIONAL: Ricardo and MxV Rail have signed a strategic alliance agreement to bring together their rail engineering and testing capabilities to serve the global market. The agreement focuses on areas where the two organisations share strong interests, including systems integration, safety performance and decarbonisation, including hydrogen ...
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NewsTrainline announces Platform One technology brand
EUROPE: Trainline has launched Platform One as the new brand name for its technology platform which powers ticket retailing for more than 270 rail and coach companies across 45 countries, including its own retailing channels. Trainline said the Platform One technology was already hosting around 78 ...
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NewsCommuter operators offered flexible diesel locomotive leasing options
USA: Commuter rail agencies are being offered flexible options for the lease of ‘like new’ modernised diesel locomotives by Rolling Stock Solutions and its strategic partner Alternate Concepts, with backing from private equity investor Adelphi Capital Advisory. RSS has acquired an initial fleet of EMD F40PH ...
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Metro Report InternationalEgyptian rolling stock localisation agreement signed
EGYPT: The National Egyptian Railway Industries Co joint venture has signed an agreement with Hyundai Rotem for the local assembly of 40 metro trains totalling 320 cars to be deployed on Cairo metro lines 2 and 3. NERIC said the localisation agreement signed when a delegation ...
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Rail Business UKTraining software developer rebrands
UK: Edinburgh-based simulation, training and familiarisation app developer 3DVSL has rebranded as Denova. The company’s customers in the rail sector include Siemens Mobility, Avanti West Coast, ScotRail, Great Western Railway and Metro Trains Melbourne. ‘We have built our reputation in the rail industry over the last ...
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NewsCando sells Quasar rail software platform
CANADA: Short line and freight services group Cando Rail & Terminals has sold its Quasar rail logistics software platform to Trinity Industries. Cando started Quasar in 2017 with the aim of developing a cloud-based yard management application, and said the sale would allow the platform to ...
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NewsConsortium to provide rolling stock options as French passenger market opens
FRANCE: Leasing company Akiem and Banque des Territoires have formed the TerriTrains consortium to offer rolling stock financing and management services to public authorities and train operators as the French passenger market is opened to competition. Akiem said the national government and regions spend more than ...
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NewsHydrogen-powered milling machine ready for testing
INTERNATIONAL: Linsinger says its hydrogen fuel cell powered rail milling machine is attracting interest from urban rail operators around the world, as its prepares to trial the vehicle on two European metros during July and August. Speaking at the IAF trade show in Germany on June ...
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NewsDigital Railway Solutions Alliance launched to enhance rail efficiency
INTERNATIONAL: A partnership of 15 track, digital services and rail infrastructure specialists has been established to create what the members call an ‘open innovation ecosystem’ to enhance the efficiency and safety of railways globally. Branded as the Digital Railway Solutions Alliance, the partnership was formally launched at ...
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NewsKnorr-Bremse invests in ‘internet of trains’ company Nexxiot
SWITZERLAND: Knorr-Bremse has announced a €60m investment to become the largest shareholder in Nexxiot, which specialises in fitting wagons and containers with ‘internet of trains’ data connectivity technology. Investment firm QVIDTVM, led by Burak Alici, and existing shareholders have also increased their investment. Knorr-Bremse said the ...
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NewsJapanese railway diagnostics contracts signed
JAPAN: Mermec has signed three contracts to provide advanced diagnostics for Japanese rail and metro networks. The contracts worth more than €20m were signed at the Italian embassy in Tokyo on May 27, in the presence of Ambassador Gianluigi Benedetti and representatives of Mitsubishi Electric, Sumitomo ...
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NewsCAF cleared to acquire Talent 3 and Coradia Polyvalent designs
EUROPE: Alstom’s divestment to CAF of the Coradia Polyvalent and the former Bombardier Transportation Talent 3 platforms has been approved by the European Commission.
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Rail Business UKGoole business centre to support railway research and innovation
UK: The Rail Accelerator & Innovation Solutions hub for Enterprise in Goole has been formally inaugurated, adjacent to the new Siemens Mobility rolling stock assembly plant which is now nearing completion.