Railway supply industry news – Page 6
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Rail Business UKRosehill Polymers targets exports following financing deal
UK: Rosehill Polymers Group has finalised a deal with Virgin Money and UK Export Finance to complete a refinancing and management buyout and accelerate international growth. Rosehill Rail anti-trespass panels have been installed to discourage people from walking on the tracks at Tri-Rail’s Fort Lauderdale Airport station ...
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NewsAmtrak Airo train production provides supply chain boost
USA: Amtrak says the production of Airo trainsets at Siemens Mobility’s Sacramento plant is boosting businesses across the country, with more than 3 500 parts being manufactured by nearly 100 suppliers in 31 states. ‘As we build to support the soaring demand for train travel, Amtrak ...
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NewsGo-Ahead sells German rail business to ÖBB
GERMANY: Go-Ahead Group has agreed to sell its German rail business to Austrian Federal Railways’ passenger division ÖBB-Personenverkehr, and is looking at options for the future of its Norwegian activities. Managing Director of Go-Ahead Deutschland Fabian Amini said ÖBB ‘has a good reputation in Germany’. The ...
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NewsMake in India train lifting equipment delivered
INDIA: Columbus McKinnon Engineered Products has produced a underfloor train lifting system meeting the government’s Make in India standards for use at an Indian Railways depot. The manufacturer worked with its local subsidiary Stahl India and crane, lift and escalator supplier Techno Industries to achieve a ...
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Rail Business UKRegulator approves Hitachi Rail acquisition of Thales GTS
UK: The Competition & Markets Authority has approved Hitachi Rail’s proposed €1·7bn purchase of Thales’ Ground Transportation business following Hitachi’s offer to sell its existing main line signalling business in the UK, France and Germany. CMA will need to approve the purchaser, and key customers will ...
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NewsMSC takes 50% stake in open access high speed train operator Italo-NTV
ITALY: Global Infrastructure Partners has entered into a binding agreement to sell an approximately 50% stake in open access high speed train operator Italo-Nuovo Trasporto Viaggiatori to Mediterranean Shipping Co. The other approximately 50% stake will continue to be owned by New York based investor GIP, ...
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NewsBank backs digital railway R&D
ITALY: The European Investment Bank is providing MerMec with a €30m loan to finance research and development of digital railway technology, including signalling for driverless trains, and diagnostic and management technology for rolling stock and infrastructure assets. An agreement covering the first €20m was signed by ...
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NewsBeacon Rail completes MRCE acquisition
EUROPE: Beacon Rail announced on September 29 that it had completed the acquisition of locomotive leasing business Mitsui Rail Capital Europe from Mitsui & Co. The transaction had been agreed on August 7. Founded in 2004 and headquartered in the Netherlands, MRCE has a fleet of ...
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NewsKazakh hydrogen loco co-operation
KAZAKHSTAN: National railway KTZ and Wabtec have signed a framework agreement for the production of hydrogen locomotives and the creation of an engineering centre at the LKZ loco factory in Astana. It was signed on September 17 when Kazakhstan’s President Kassym-Jomart Tokayev discussed plans for the ...
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NewsAmergin Rail buys wagon fleet
USA: Transport asset investor Amergin Asset Management’s Amergin Rail business has acquired PNC Bank’s lease fleet of more than 6 000 wagons. ‘This acquisition is consistent with our goal of acquiring attractive transportation assets that will deliver stable risk-adjusted returns for our investors’, said AAM CEO ...
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News‘Fragile’ Railcoop plans restructuring to secure investment
FRANCE: Open access co-operative Railcoop is planning to split into two companies in the wake of its decision to cease running freight trains and ahead of the launch of its planned Lyon – Bordeaux passenger service. Rolling stock Rolling stock availability remains the critical element for ...
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NewsSouth African operator addresses maintenance backlog with turnout contract
SOUTH AFRICA: Transnet Freight Rail has awarded Voestalpine VAE SA a three-year contract to supply turnouts and components. VAESA Chief Executive Pulane Tshabalala Kingston said this is the first substantial turnout contract to have be successfully awarded by TFR in the last five years. She said ...
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Rail Business UKRSK expands UK and Ireland rail capabilities with acquisition
EUROPE: RSK has acquired Global Infrastructure Group, a principal contractor providing rail and other transport engineering services in the UK and Ireland. Managing Directors Marco Lombardelli and Stephen O’Brien will continue to lead Global Infrastructure Group, which has more than 350 engineers, managers and multi-skilled operatives, ...
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NewsPolish FRMCS testing letter of intent signed
POLAND: A letter of intent for the implementation and testing of the Future Railway Mobile Communication System in Poland has been signed by Alstom, Ericsson, NetWorks and rail research organisation Instytut Kolejnictwa. The signatories plans to engage in joint research and development, verify requirements under real-world ...
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NewsHitachi Rail restarts EU approval process for Thales GTS acquisition
EUROPE: Hitachi Rail has refiled its merger notification with the European Commission, formally restarting the clearance process for its proposed acquisition of Thales’s Ground Transportation Systems business in the EU. Regulatory approvals have been obtained in 11 of the 13 required jurisdictions since the planned €1·66bn ...
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