Railway supply industry news – Page 89
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NewsRailway supply industry news round-up
Timken Co has agreed to acquire linear guide, telescopic rail and linear actuator supplier Rollon Group from Chequers Capital and IGI Private Equity. Rollon has 600 staff and manufacturing sites in Italy, Germany and the USA. The debt-funded transaction is expected to close in late September. Bombardier Transportation has awarded ...
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NewsSiemens Mobility becomes legally separate business
SIEMENS: The Siemens Mobility division became a legally separate entity 100% owned by Siemens AG on August 1. The change forms part of a wider restructuring of the Siemens group under its Vision 2020+ corporate strategy which aims to give individual businesses more entrepreneurial freedom. Ahead of its planned merger ...
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NewsWabtec invests in communications technology company Rajant
USA: Wabtec Corp has made a minority equity investment in mobile wireless communications technology company Rajant, and will jointly develop and market Rajant’s Kinetic Mesh networking products in the rail market. ‘Rajant understands the underlying communications challenges rail systems are confronted with, and we continue to customise our radio technology ...
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NewsRailway supply industry news round-up
East Japan Railway is to hold its fourth European suppliers tour in November. This will provide an opportunity for companies to meet the operator in Paris on November 20 and København on November 22 to discuss business opportunities in sectors including rolling stock, track and signalling. Bombardier has appointed ...
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NewsHigh-capacity container wagon certified
KAZAKHSTAN: Wagon manufacturer Ziksto has obtained certification enabling the start of series production of its Type 13-6922 high-capacity container wagon. The four-axle wagon has been developed to carry heavy containers including tank-containers carrying hazardous goods. ‘The increased carrying capacity will allow the train operator and the owner of the ...
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NewsLegal challenge to Siemens’ London Underground train contract win
UK: A legal challenge to Transport for London’s selection of Siemens as preferred bidder to supply new trainsets for London Underground’s Piccadilly Line was confirmed by Bombardier Transportation and Hitachi on July 23. ‘Hitachi Rail and Bombardier Transportation confirm that they have issued claims in the High ...
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NewsPK TS presents Lionet tram
RUSSIA: PK Transportnye Systemy presented its newest tram model at its St Petersburg factory on July 20. The single-section 100% low-floor Lionet left the workshop driven by a traction battery along a short section of catenary-free track. Designated 71-911M, the Lionet is a development of the City Star model. ...
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NewsCAF selected to develop Spanish test track
SPAIN: The ADIF Board of Directors has approved the award of a concession for CAF to develop and operate a railway test centre at Corella, 92 km from Pamplona in the Navarra region. The site is around 100 km from CAF’s existing research and testing facilities at its Zaragoza plant. ...
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NewsRailway supply industry news round-up
Alstom booked €2·6bn of orders in Q1 2018-19 between April 1 and June 30, compared to €1·9bn over the same period last year. Group sales were up 14% to €2·0bn, and the backlog on June 30 was €35·5bn, with around 30% being services. Steer Davies Gleave has shortened its name ...
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NewsAlstom shareholders approve Siemens Mobility merger
ALSTOM: All proposed resolutions related to the proposed merger of Alstom and Siemens Mobility were approved with majorities of more than 95% at Alstom’s special and combined shareholders’ meetings held in Paris on July 17. The transaction is expected to be completed in the first half of 2019, subject to ...
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NewsMorgan Stanley Infrastructure Partners aims to increase VTG stake
VTG: On July 16 the Warwick Holding subsidiary of funds advised by Morgan Stanley Infrastructure Inc announced a voluntary public tender offer of €53 per share in cash for all outstanding shares in wagon leasing and logistics company VTG AG. Warwick Holding acquired a 29% stake in Hamburg-based VTG in ...
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NewsDVV acquires Smart Rail World
INTERNATIONAL: Railway Gazette’s parent company DVV Media International has purchased events and digital media business Smart Rail World Ltd and its subsidiary Global Transport Forum Ltd. The London-based business manages a suite of international events in the rail and transport sector including Smart Rail, Smart Transit, Smart Metro, Safe Rail ...
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Metro Report InternationalElectric bus leasing programme launched
USA: A joint venture of electric bus manufacturer BYD Motors and infrastructure financier Generate Capital has launched a $200m electric bus leasing programme. The aim is to help public- and private-sector clients accelerate the adoption of battery electric buses. Generate Capital notes that while electric buses are cheaper over ...
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NewsCompetition concerns trigger full European Commission review of Siemens-Alstom merger
EUROPE: Following an initial Phase I investigation which raised concerns about competition in the rolling stock and signalling markets, the European Commission confirmed on July 13 that it had opened a Phase II in-depth investigation under the EU Merger Regulation to assess the proposed combination of Alstom with Siemens’ transport ...
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NewsUTM unveils two prototype trams
RUSSIA: Uraltransmash Holdings unveiled two prototype trams at the Innoprom-2018 industrial exhibition held in its home city of Yekaterinburg on July 9-12. The Type 71-415 is a fully-low floor vehicle designed in-house by UTM as the basis for a planned family of two, three and four-section vehicles. The single section ...
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NewsRailway supply industry news round-up
Abellio and Regiobahn have awarded N-ERGIE contracts for the supply of traction electricity in Germany. Law firm Baker & McKenzie has joined the Rail Working Group, which represents the rail industry in regard to the implementation of the 2007 Luxembourg Protocol to the Cape Town Convention on International Interests in ...
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Rail Business UKInvestor sees 'interesting opportunity' in rail revenue technology
SEATFROG: Venture capital investor Octopus Ventures has led a £4·5m Series A funding round at Seatfrog, which has developed mobile auction technology enabling passengers to upgrade train and airline seats until the time of departure. Existing investors including Howzat Partners also participated. Octopus Ventures partner Luke Hakes will join the ...
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NewsArriva awards maintenance contract
NETHERLANDS: Arriva has awarded Stadler a contract to maintain the 69 multiple-units which it is to operate on regional routes in Friesland and Groningen under the 15-year Noordelijke Lijnen concession which starts in December 2020. The maintenance contract signed on July 10 builds on a similar agreement which has been ...
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NewsOmniTRAX buys two CSX lines
USA: Short line group OmniTRAX has acquired the Alabama & Tennessee River Railway and the Fulton County Railway from CSX. Operations on the two lines have been managed by OmniTRAX for several years, and are expected to continue unchanged. Terms of the acquisitions were not disclosed. The 190 km ATN ...
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NewsAlstom opens Ukraine office
UKRAINE: Alstom opened a Ukrainian office in Kyiv on July 1, and has appointed Vadym Pavlenko to lead its Sales & Business Development in the country. Pavlenko previously held export sales and market development positions at domestic rolling stock supplier KVSZ. ‘We are committed to developing our activities in ...