Railway supply industry news – Page 74
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NewsWagon leasing joint venture formed
SWITZERLAND: Private markets investment manager SIG-i Capital and established leasing company VTG have formed Prio SA as a 55:45 joint venture which aims to acquiring a lease fleet of around 2 500 mostly new intermodal and tank wagons. The deal announced on August 30 has been structured ...
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NewsLoco2 to rebrand as Rail Europe
EUROPE: SNCF’s international ticket retailing platform Loco2 is to be rebranded as Rail Europe with effect from November 6. Announcing the change on September 2, Loco2 said Rail Europe was ‘a well-established market leading brand worldwide in the Americas, India, across Asia, Australia and New ...
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NewsUNIFE demands ‘fair’ market access for European and Chinese suppliers
INTERNATIONAL: European suppliers’ association UNIFE reiterated its call for ‘a real level playing field’ and ‘fair conditions’ for both European and Chinese manufacturers on September 2. It said this should include specific rules excluding non-European state-owned enterprises from EU procurement in the absence of reciprocal market access. ...
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Rail Business UKSystra buys British Steel’s TSP Projects business
UK: Systra announced the acquisition of British Steel’s TSP Projects subsidiary on August 30. The international transport consultancy said this would double its presence in the UK, with TSP Projects’ extensive experience of civils, electrification and track works complementing its existing UK rail engineering services and providing ...
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Metro Report InternationalSingapore non-fare business concessions awarded
SINGAPORE: Land Transport Authority has awarded two contracts for non-fare revenue operations on the future Thomson-East Coast Line. The 16-year concessions are due to begin when the line opens in 2024. The advertising concession has been awarded to Hong Kong-based Asiaray Connect, which is to pay S$140m ...
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NewsRailway Gazette: a fresh perspective
Market-leading expertise for a digital future… It has been a busy year for us, and I am proud to announce the relaunch of our digital platform, www.railwaygazette.com. This is the culmination of unprecedented audience research carried out over the last 12 months. We asked our subscribers, e-newsletter ...
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NewsAustralian investment group FSI to buy Patriot Rail
USA: Australian investment group First State Investments announced an agreement to acquire 100% of the equity of short line group Patriot Rail & Ports from SteelRiver Infrastructure Partners on August 26. Terms were not disclosed. Formed in 2006 and acquired by SteelRiver in 2012, Florida-based Patriot now has ...
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NewsVossloh to sell Locomotives business to CRRC
GERMANY: On August 26 Vossloh AG announced its intention to sell its Locomotives business unit to Chinese state-owned rolling stock group CRRC. Vossloh Locomotives is based in Kiel, where a new production facility was completed in March 2018. The business specialises in producing small and medium sized diesel and ...
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News
Railway supply industry news round-up
SNCF Réseau has raised €100m issuing a 100-year green bond. The French infrastructure manager said this was the longest-ever green bond, overtaking 60-year bonds issued by Energias de Portugal and Energie Baden-Wuerttemberg. Projects eligible for financing will include maintenance and work to optimise energy use and expand the network. HSBC ...
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NewsRussian wagons for DB on test
GERMANY: The first of 160 articulated flat wagons which Deutsche Bahn has ordered from United Wagon Co’s Tikhvin factory in Russia have been sent for testing, with TSI certification expected by the end of the year Static testing and trial running is to be undertaken over several months, with ...
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NewsAtaer Holdings named preferred bidder for British Steel
BRITISH STEEL: The Official Receiver named Ataer Holdings as preferred bidder for the whole of the British Steel business on August 16. Heads of agreement have been signed, triggering a two months of exclusive talks and detailed due diligence ahead of the planned sale of the Scunthorpe-based steel maker and ...
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NewsRailway supply industry news round-up
Chittaranjan Locomotive Works’ ancillary electric loco assembly unit in Dankuni rolled out its 100th locomotive on August 12. The WAG9 freight loco will be based at Bandamunda. The plant was established in 2014 and completed its first loco in March 2016. Alstom has awarded Airswift a contract to act ...
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NewsBombardier sees ‘positive market outlook’ for rail
BOMBARDIER: ‘The positive market outlook for the rail industry remains unchanged’, said Bombardier when it presented its second quarter results on August 1. ‘At Transportation, we have made significant progress and remain on track to complete the transformation by 2020’, said, Bombardier Inc President & CEO Alain Bellemare. ‘As ...
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NewsDB invests in mobile data analytics company
SWITZERLAND: A company which uses mobile phone data to obtain information on travel demand has raised US$17·5m in a funding round with participants including Deutsche Bahn’s technology investment fund DB Digital Ventures, Robert Bosch Venture Capital, Innogy Ventures, LBBW Venture Capital, Liil Ventures and existing investors Atomico and Lakestar. ...
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NewsLoram to acquire Aurizon’s rail grinding business
AUSTRALIA: Loram Maintenance of Way has agreed to purchase Aurizon’s rail grinding business, along with its contracts to serve four customers. ‘Loram recognises substantial opportunities in the Australian rail market’, explained Stephen Mannix, Managing Director of local subsidiary Loram Pty Ltd, when the agreement was announced on August 12. ...
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NewsRailway supply industry news round-up
India’s Chittaranjan Locomotive Works produced 107 electric locomotives between April and July, with 32 completed last month. It expects to achieve a record production figure this financial year. Trust Bank has increased its share in United Wagon Co from 5·7% to 25·5%. Rolls-Royce Power Systems is to revise ...
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NewsSiemens Mobility selects Softil software for LTE-R development
COMMUNICATIONS: Siemens Mobility is to use Softil’s BEEHD framework in the development of LTE-R communications technology to succeed GSM-R, and also mission-critical push-to-talk applications for transport use. The next-generation data communication system is required to support ETCS and automatic train operation as well as secure voice communication between drivers ...
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NewsCybersecurity firm raises seed funding
ISRAEL: Railway cybersecurity startup company Cervello has raised US$4·5m during a seed funding round. Investors include North First Ventures of Israel and Awz Ventures of Canada, along with Nissim Bar-El, the founder of technology security consultancy Comsec Group. ‘As operators further digitise their infrastructure, the railway industry ...
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NewsVossloh sales up as rationalisation progresses
VOSSLOH: Reporting its half-year results on July 25, Vossloh Group announced that sales had increased by 4·6% to €437·1m from €418·1m for the first six months of 2018. An 18·6% increase in orders received to €568·9m had helped to lift the group’s order backlog by 33·7% to €726·9m at the ...
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NewsRailway supply industry news round-up
On July 29 The Greenbrier Companies reported that it had completed the acquisition of the wagon and components manufacturing businesses of American Railcar Industries, under a US$400m deal agreed in April. The ARI facilities in Missouri, Arkansas and Texas, including two new wagon manufacturing plants and 1 600 employees, will ...