Railway supply industry news – Page 75
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NewsTelevic Rail acquires information systems supplier GSP
EUROPE: Belgian communications and control technology company Televic Rail has acquired German train, metro and tram passenger information system supplier GSP Sprachtechnologie as part of its international growth strategy. The acquisition ‘gives us greater access to the highly attractive German market and the larger Germany, Austria and Switzerland region’, ...
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NewsTalgo signs Egyptian co-operation agreement
EGYPT: Spanish rolling stock manufacturer Talgo has signed a framework co-operation agreement with the Arab Organization for Industrialization for the joint development of capacity and performance improvement projects on the Egyptian rail network. Signed in Madrid by Talgo CEO Jose Maria Oriol Fabra and the Chairman of ...
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Metro Report InternationalRobel takes stake in Vogel & Plötscher
GERMANY: Track maintenance plant supplier Robel has taken a majority stake in Vogel & Plötscher GmbH, which specialises in track measurement systems and electric drives. Based at Breisach in Baden-Württemberg, Vogel & Plötscher will continue to trade as an independent business following the acquisition of a 70% stake in ...
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Metro Report InternationalRATP Dev enters Australian market with John Holland partnership
AUSTRALIA: RATP Dev and John Holland have signed a memorandum of understanding to jointly bid for operations and maintenance contracts for the Sydney Metro West and Sydney Metro Greater West projects. RATP Dev expects to open an office in Sydney to serve as its headquarters for Australia & ...
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Metro Report InternationalIreka and CRRC form urban transport joint venture
MALAYSIA: Ireka Corp and CRRC Urban Traffic (Europe) have formed a 51:49 joint venture to pursue opportunities in the rail, urban transport, logistics, trading and construction sectors in Malaysia and across the Southeast Asia region This would include the sale, installation and ongoing support of urban transport products including ...
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News
St Pölten workshop modernised
AUSTRIA: The ÖBB Technische Services subsidiary of Austrian Federal Railways has completed a €29m, 16-month modernisation of its St Pölten rolling stock maintenance workshop. Three new halls have been erected for the maintenance of diesel locomotives, DMUs and components. These are equipped with diesel exhaust extraction systems, enabling engines ...
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Metro Report International‘Historic’ restructuring of New York MTA approved
USA: A landmark restructuring of the New York Metropolitan Transportation Authority was approved at a board meeting on July 24. The ‘historic reorganisation’ is the first such effort since MTA was established in 1968. Developed internally with input from consultancy firm Alix Partners, the plans focus on centralising support ...
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NewsOmniTRAX to buy Winchester & Western Railroad
USA: OmniTRAX has agreed to acquire the Winchester & Western Railroad from minerals company Covia Holdings Corp for $105m in cash, subject to adjustments. The transaction which is expected to close in Q3 2019 includes 470 wagons owned by the railway. Class III railway W& W has two divisions ...
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News
Railway supply industry news round-up
SNC-Lavalin Group has announced that it is to withdraw from the lump-sum turnkey contracting market. It intends to fulfil current contractual obligations, including the Montréal REM metro project. 'Lump-sum, turnkey projects have been the root cause of the company’s performance issues', said Interim President & CEO Ian L Edwards on ...
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NewsLocos retrieved from Sierra Leone
AFRICA: Diesel locomotives which South African freight and financial services company Grindrod Ltd supplied for use at a mine in Sierra Leone which has now ceased operating have been recovered for use elsewhere. Grindrod delivered a total of 34 S30SCC locomotives to haul iron ore from African ...
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NewsBRX’s acquisition of Pioneer Railcorp approved
USA: Short line group Pioneer Railcorp announced on July 19 that its shareholders had approved the company’s acquisition by BRX Transportation Holdings, an entity formed by infrastructure investors Brookhaven Rail Partners, Related Infrastructure and private equity investor Stephens Capital Partners. Pioneer Railcorp owns 15 common carrier short lines including ...
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NewsFlixTrain raises funding for expansion
INTERNATIONAL: FlixMobility has completed a Series F funding round co-led by growth equity firms TCV and Permira, with long-time investor HV Holtzbrinck Ventures also participating through a joint investment with the European Investment Bank. In the rail sector, the company plans to use the equity raised to support the growth ...
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NewsFreightCar America to close Roanoke factory
USA: Wagon manufacturer FreightCar America is to permanently close its factory at Roanoke, Virginia, by mid-November. The company has leased the site from Norfolk Southern since 2005. ‘The closure of our Roanoke facility is another next step in our “Back to Basics” strategy as we continue to ...
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NewsRailway supply industry news round-up
Alstom booked €1·6bn of orders in Q1 to June 30, compared to €2·6bn in the same period last year. Sales increased 2% to €2·1bn, with a decrease in Systems balanced by a growth in Signalling and Rolling Stock. Sales were mainly fuelled by projects in the Middle East, rolling stock ...
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NewsICE4 deliveries to resume
GERMANY: Deutsche Bahn has resumed acceptance of ICE 4 trainsets with immediate effect, Siemens Mobility and Bombardier Transportation announced on July 17. The national operator had stopped accepting delivery of further ICE4 trainsets in April after Bombardier’s quality management procedures determined that some coach body welds had not been ...
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NewsStudy considers how to assess ‘green’ investment in rail
EUROPE: The European Commission has published a study into criteria used to classify railway assets and activities as environmentally sustainable, and to provide insights into potential ‘greenwashing’. This is intended to facilitate the rail sector’s access to ‘green’ bonds, which the Commission believes could be used to finance a significant ...
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NewsStudy considers how to assess ‘green’ investment in rail
EUROPE: The European Commission has published a study into criteria used to classify railway assets and activities as environmentally sustainable, and to provide insights into potential ‘greenwashing’. This is intended to facilitate the rail sector’s access to ‘green’ bonds, which the Commission believes could be used to finance a ...
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NewsEagle Railcar Services buys wagon workshops
USA: Eagle Railcar Services has agreed to acquire five wagon workshops along with around 400 employees from Rescar. This will take Eagle Railcar Services’ network to 10 sites employing almost 1 200 full-time staff, and according to the company will make it the largest full-service provider of wagon repair and ...
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NewsWestermo acquires Neratec
SWITZERLAND: Beijer Group company Westermo has acquired 100% of Neratec Solutions, which supplies wireless communication products for on-train and trackside applications. Bubikon-based Neratec has 25 employees and recorded sales of SFr6·5m in 2018. ‘The acquisition of Neratec will strengthen Westermo’s offering to the rail industry to include a strong wireless ...
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NewsRailway supply industry news round-up
US wagon repair and storage company Appalachian Railcar Services has expanded its facility at Elk Mills in Maryland to create a full-service tank car workshop with interior and exterior blast and paint capability. Services include certification, accident repairs, cleaning and lining options, as well as 24/7 mobile repair capabilities for ...