Railway supply industry news – Page 80
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NewsHochbahn divests BeNEX stake ahead of direct award
GERMANY: Infrastructure investment group International Public Partnerships Ltd is to acquire its joint venture partner Hamburger Hochbahn AG’s 51% stake in rail and bus operator BeNEX GmbH. The signing of the purchase agreement was announced on April 1. The transaction is expected to be completed by July at the latest, ...
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NewsStadler announces IPO details and plans April 12 listing
SWITZERLAND: Stadler Rail announced the launch of its initial public offering and published its offering memorandum on March 29. This comes ahead of the start of the bookbuilding process on April 1 and the listing and first day of trading on the SIX Swiss Exchange on April 12. The IPO ...
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NewsRailway supply industry news round-up
Trenitalia has signed an agreement for its tickets to be sold through Chinese travel agency Ctrip’s online platforms. Kapsch CarrierCom has been appointed as distributor and integrator of 3Binfra’s Infralife asset management technology, which integrates service and diagnostic systems, allocates measurement data and visualises individual failures along a railway. ‘The ...
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NewsDB to dispose of Arriva
EUROPE: The Deutsche Bahn AG supervisory board confirmed on March 27 its intention to dispose of the company’s international operating subsidiary Arriva, Railway Gazette’s sister publication Rail Business has reported. DB’s management team has been tasked with developing options for the transaction, which could either take the shape of a ...
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NewsCrossrail fleet sale and leaseback deal completed
UK: Transport for London has completed a sale and leaseback deal for the Class 345 electric multiple-units which Bombardier Transportation is delivering for Elizabeth Line services. The EMUs have been bought by the 345 Rail Leasing consortium of Equitix Investment Management Ltd, NatWest and SMBC Leasing. TfL said the ...
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NewsRailway supply industry news round-up
Knorr-Bremse’s North American subsidiary New York Air Brake has acquired Snyder Equipment Co, a Missouri-based locomotive fuelling and servicing equipment producer and component remanufacturer. ‘With the addition of Snyder’s top-line products to our portfolio, railroad and support service customers will be able to turn to NYAB as a one-stop destination ...
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NewsStadler announces IPO plan
SWITZERLAND: Plans for an initial public offering and listing on the SIX Swiss Exchange were announced by rolling stock manufacturer Stadler on March 19. The IPO is planned for ‘the coming months’, subject to market conditions. It would consist entirely of secondary shares held directly and indirectly by Executive Chairman ...
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NewsCAI International sells wagons
USA: CAI International has agreed to sell 2 146 wagons, approximately 30% of its North American lease fleet, for $200m. The sale of 1 946 wagons was completed on February 26, realising a gain of $7m, while the remaining 200 wagons are currently being manufactured and will be sold ...
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Metro Report InternationalTransport for London joins the London Connectory
UK: Transport for London has started an 18-month collaboration with Bosch Connected Mobility Solutions to develop ‘smart mobility’ projects. The collaboration forms part of the newly created London Connectory, established by Bosch and Nitrous. This aims to bring together public-sector, private-sector and academic partners. TfL hopes to use this ...
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NewsRailway supply industry news round-up
DB’s long-distance passenger operating business has selected IVU Traffic Technologies software to gather and process information for vehicle planning, preparation and maintenance management. The first elements will be tested from the end of 2019, with full deployment from December 2020. ‘The new platform marks a big step forwards for us ...
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NewsTalgo predicts growth after lull in the production cycle
TALGO: Spanish rolling stock manufacturer Talgo expects to see ‘significant’ revenue growth in 2019, with a mix of ‘low risk and high quality’ projects. The company said its ‘solid and stable’ order backlog had reached €3·16bn in February after winning a €550m contract to supply Deutsche Bahn with 23 ...
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NewsEKE buys predictive maintenance software company Humaware
EUROPE: Finnish train automation and onboard data system supplier EKE-Electronics has bought Humaware, a UK firm specialising in predictive condition monitoring analytics. Humaware’s software was originally developed for use with helicopters, and is now used by rail customers including Network Rail and London Underground. EKE-Electronics plans to combine Humaware’s ...
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NewsRevenue up but one-time events hit VTG earnings
VTG: Wagon leasing and rail and tank-container logistics company VTG has announced unaudited group revenue of €1·07bn for 2018, with the 5·7% year-on-year growth attributed to increased demand which saw capacity utilisation reaching 93·5% at the end of the year, the highest for 10 years. The acquisition of Nacco also ...
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NewsRail-specific insurance to mitigate cybersecurity risk
GERMANY: A novel insurance policy intended to mitigate the cybersecurity risks facing railway operators has been launched in Germany. Deutsche Verkehrs Assekuranz Vermittlungs is a bespoke insurance broker owned by national railway Deutsche Bahn (65%) and insurers DEVK and Marsh. Through DVA, policyholders will be eligible for discounts from specialist ...
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NewsRailway supply industry news round-up
The first production staff to be recruited for CRRC Sifang America’s Chicago rolling stock factory have gone to China for training. The plant in the Hegewisch district of southeast Chicago is to produce at least 840 Series 7000 metro cars for Chicago Transit Authority, and CRRC has committed to hiring ...
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Metro Report InternationalStrategic partnership to develop integrated transport IT
GERMANY: Daimler Buses has announced a strategic partnership with technology company IVU Traffic Technologies to develop ‘integrated mobility solutions for the public transport of tomorrow’. As part of this, Daimler Buses has acquired a 5·25% stake in Berlin-based IVU from the Gerlind & Ernst Denert-Stiftung foundation established by IVU’s previous ...
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Rail Business UKGemini confirms Springburn works closure
UK: Gemini Rail has confirmed that it is to close its Springburn rolling stock maintenance works in Glasgow, citing ‘severely adverse market conditions affecting its core business’ and losses of £1m per month throughout 2018. The site has work in place until July, but closure is planned by March 2020 ...
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NewsHübner to open US gangway factory
USA: Having secured a major order to supply the gangways for new New York City Subway trains, Hübner has announced plans to build a elastomer product factory at Dunlap in Tennessee by 2020. This is to produce moulded parts, silicone seals and sensor-equipped rubber profiles for the US rail and ...
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Metro Report InternationalElastomer factory to serve US rail and bus markets
USA: Having secured a major order to supply the gangways for new New York City Subway trains, Hübner has announced plans to build a elastomer product factory at Dunlap in Tennessee by 2020. This is to produce moulded parts, silicone seals and sensor-equipped rubber profiles for the US rail and ...
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NewsBLS Cargo acquires Crossrail to strengthen north–south corridor
EUROPE: An agreement for BLS Cargo to acquire 100% of Belgian freight operator Crossrail from Rhenus for an undisclosed price was signed on March 5. The transaction is subject to regulatory approval and would be backdated to January 1. Switzerland-based BLS Cargo said it would gain a stronger position on ...