Railway supply industry news – Page 51
-
Rail Business UKTransport for London joins project reference scheme
UK: Transport for London has joined the Rail Supply Group’s export reference scheme which provides simplified project references for suppliers who are seeking to sell their products or services overseas. Network Rail and HS2 Ltd already participate. ‘At the Rail Supply Group we’ve been working closely ...
-
NewsPandrol takes to the road with European tour
EUROPE: Rail fastening specialist Pandrol is to display its latest products to rail industry representatives during a three-month European road tour, taking in countries including the UK, Ireland, Sweden, the Netherlands, Germany, the Czech Republic and Spain. ‘The Back on Track truck gives our customers an ...
-
-
NewsRENFE completes acquisition of 50% stake in Leo Express
EUROPE: Spanish national operator RENFE has gained access to the passenger markets of the Czech Republic, Poland and Slovakia and ‘the necessary licences and resources’ to enter the German market, following the completion of its purchase of a 50% stake in Czech open access operator Leo Express.
-
NewsMalaysian-built locomotive for the African freight market unveiled
LOCOMOTIVE: Malaysian rolling stock manufacturing and maintenance company SMH Rail has rolled out its first H10 Series diesel-electric locomotive. It is designed for use by African freight operators, with Tanzania Railways Corp as the launch customer. Unveiling the first locomotive at a virtual ceremony on August ...
-
NewsWagon investment joint venture formed
USA: Trinity Industries and alternative investment manager Wafra have formed the Signal Rail Holdings joint venture which aims to invest up to $1bn over three years in a diversified portfolio of leased wagons. Wafra will own 90% of the joint venture and TI 10%, with TI ...
-
-
News‘Industrial espionage’ train maintenance dispute resolved
GERMANY: A dispute over Go-Ahead Bayern’s decision to appoint a subsidiary of Russian company Transmashholding to maintain a fleet of Stadler Flirt3 electric multiple-units has been resolved, and the manufacturer handed over the first of the units to the future operator in Augsburg on August 18. ...
-
NewsThe Andersons sells wagon leasing business with repair shops to follow
USA: The Andersons has sold its wagon leasing business to American Industrial Transport for $550m, and is also planning to divest its wagon repair business which includes 29 facilities across the USA. ‘This railcar leasing business has been a successful and consistent cash flow generator’, said ...
-
NewsLeasing company takeover to provide funding for growth
GERMANY: Swiss Life Asset Managers and Vauban Infrastructure Partners have proposed the acquisition of wagon leasing company Aves One, and following a successful takeover intend to provide additional capital of €100m to optimise the capital structure and finance further growth. The deal would be worth €12·80 ...
-
NewsDB buys hydroelectric power from Norway
GERMANY: Deutsche Bahn has signed its first cross-border long-term green power purchasing agreement, a 10-year deal covering 190 GWh/year of electricity generated by the Mågeli hydroelectric power plant operated by Norway’s state-owned energy provider Statkraft. Equivalent to powering the 40 000 daily electric trains in Germany ...
-
-
NewsWabtec breathes new life into older locomotives
USA: This month Wabtec completed the 1 000th locomotive it has remanufactured for customers in the Americas under a programme launched in 2015. Norfolk Southern has taken delivery of 500 of the locos, with other customers including Canadian Pacific, BNSF, Union Pacific and Brazilian operator Rumo.
-
NewsEIB to update transport priorities within climate roadmap
EUROPE: The European Investment Bank is consulting on updating its transport sector lending policies to prioritise projects according to its Climate Bank Roadmap, the European Commission’s Sustainable & Smart Mobility Strategy and the EU Sustainable Finance Taxonomy. Rail is expected to achieve a substantially larger share ...
-
NewsCP raises its offer for Kansas City Southern
NORTH AMERICA: Canadian Pacific announced on August 10 that it had submitted a ‘superior proposal’ to acquire Kansas City Southern, valuing the smaller railway at approximately US$31bn.
-
-
NewsSiemens Mobility to buy booking software company Sqills
SQILLS: Siemens Mobility has signed a binding agreement to acquire Dutch public transport inventory management, reservation and ticketing software-as-a-service company Sqills for €550m. The transaction is expected to be completed in Q1 2022, after which Sqills would be managed as separate legal entity and wholly-owned subsidiary ...
-
NewsHitachi to create a ‘global leader’ in signalling with acquisition of Thales rail business
INTERNATIONAL: Hitachi Rail has agreed to acquire Thales’ Ground Transportation Systems division, with the aim of positioning itself as a global leader in the signalling market and strengthening its position as provider of turnkey railway systems. The deal announced on August 4 has an enterprise value ...
-
Metro Report InternationalUrban rail maintenance co-operation
TRACK: PJ Messtechnik and Voestalpine Track Solutions Germany are co-operating to provide metro and light rail track measuring and data visualisation services. The resulting information can be used to plan the targeted deployment of Voestalpine rail milling machines, and for general network condition reporting. ‘We are ...
-
