Railway supply industry news – Page 57
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Metro Report InternationalSinara to supply Moscow with UKVZ trams
RUSSIA: Having won a contract to supply 90 trams to Moscow, Sinara City Transport Solutions has awarded UKVZ a subcontract to build the vehicles.
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NewsDellner acquires CAF’s Miira couplers business
EUROPE: Swedish coupler, ganngway and data transmission product supplier Dellner has signed an agreement to acquire Spanish train builder CAF’s Miira couplers business. The transaction announced on January 22 covers Miira’s full product portfolio and order backlog, and includes a long-term agreement for Dellner Couplers to supply ...
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NewsDisability inclusion priorities for Alstom
ALSTOM: Alstom has joined The Valuable 500 not-for-profit network of CEOs committed to ensuring that disability inclusion features prominently in their leadership agendas. Alstom has committed to increasing the number of employees with disabilities, saying it will pay particular attention to challenging misconceptions about disability and ...
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Metro Report InternationalBlack Country very light rail innovation centre under development
UK: The Black Country Innovative Manufacturing Organisation has been formed to oversee the development and operation of a very light rail innovation centre in Dudley, and has appointed law firm Higgs & Sons to advise on corporate governance and other legal matters. The £25m VLR National Innovation ...
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NewsMultimodal booking platform FromAtoB closes
EUROPE: Berlin-based multimodal travel booking platform FromAtoB closed at the end of December. In a statement to customers, FromAtoB said 2020 had been a tough year, and ‘no-one could really foresee the impact that this pandemic would have on personal lives, or the economy. After months ...
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NewsPension funds invest in rolling stock leasing company
ALPHA TRAINS: Investment manager AMP Capital and Canada’s Public Sector Pension Investment Board have separately agreed to sell their stakes in rolling stock leasing company Alpha Trains to Dutch pension providers APG, which already owns an indirect interest, and PGGM Infrastructure Fund. Completion is subject to regulatory ...
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NewsRailpool financing package agreed
EUROPE: Leasing company Railpool’s plans for the acquisition of new vehicles are being supported by KfW IPEX-Bank, ABN AMRO Bank, Crédit Agricole Corporate & Investment Bank and ING Bank, which are providing equal amounts of debt capital totalling €150m in a seven-year financing package. KfW IPEX-Bank is ...
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NewsRussian tamper kits exported for Make in India assembly
INDIA: Russia’s Sinara Transport Machines has begun delivering WorkSite Tampers in semi-knocked down kit form for local assembly in support of the Make in India programme. The first batch of kits arrived in Chennai on January 12, with a second to follow in early February. STM ...
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NewsCathcart Rail ‘in growth mode’ with two US acquisitions announced
USA: Freight industry group Cathcart Rail has announced the purchase of two wagon repair businesses, and says it is ‘currently in growth mode’ and actively seeking further acquisitions as well as partnerships with short lines. Founded in 2015 by Thomas Cathcart and his ...
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NewsPartnership to supply ‘world class’ wagons for African railways
AFRICA: Russian rolling stock manufacturers Tranmsmashholding and United Wagon Co have agreed to work together to supply ‘world class’ wagons and components to customers across Africa. The agreement announced in December aims to combine UWC’s expertise in the wagon sector with TMH Group’s global reach and regional ...
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NewsGrant for grommets
GROMMET EDGING: US company Device Technologies Inc has been awarded a State Trade Expansion Programme grant to help market its Spring-Fast SL-FST grommet edging to the European rolling stock market. This will build on DTi’s long term programme to grow international sales through its Hamburg-based European subsidiary. ...
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NewsHector Rail refinanced to support ambitions for growth
SWEDEN: Private freight operator Hector Rail has raised a SKr519m financing package from Landesbank Hessen-Thüringen and Siemens Bank to refinance its existing debt. The term loan and capex facility ‘will support our ambitions to further expand our fleet, strengthen our position as the leading independent rail freight ...
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NewsCPCS Transcom and First Class Partnerships to merge
INTERNATIONAL: Specialist transport and infrastructure management consultancies CPCS Transcom and First Class Partnerships are to merge, the two companies announced on January 6.
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Rail Business UKSTAR Capital Partnership invests in Rail Operations Group
UK: European fund manager STAR Capital Partnership has made a ‘significant’ investment in Rail Operations (UK) Ltd, which owns operating company Rail Operations Group, freight subsidiary Orion and rolling stock storage and disposal business Traxion. STAR is to acquire a majority stake in the group, alongside the ...
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NewsIowa Interstate Railroad to be ‘platform for growth’ as investor takes 40% stake
USA: Infrastructure investor iCON Infrastructure Partners V has acquired a 40% stake in regional freight railway Iowa Interstate Railroad from Pittsburgh-based Railroad Development Corp, which remains the majority owner. IAIS was formed in 1984, with RDC acquiring a minority interest in 1991 and owning 100% since ...
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NewsGetting ready to Know Your Train
GERMANY: Ci4Rail has been founded in Nürnberg to provide intelligent cloud services and edge technology for the transport sector. The start-up company is to launch Know Your Train, a ‘holistic platform’ comprising hardware, software and accompanying services for predictive maintenance and other value-added applications. The company’s founders ...
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Metro Report InternationalEMV Level 1 certification now offered in India
INDIA: Fime has launched what it says is India’s first EMV Level 1 contactless payment technology testing laboratory and certification service, in support of the national Make in India programme. ‘Indian terminal manufacturers no longer need to travel overseas to obtain their EMVCo Level 1 contactless certification’, ...