Railway supply industry news – Page 91
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NewsCoupler condition monitoring agreement
VOITH: Voith Turbo and Siemens have agreed to develop condition monitoring technology for Voith’s Scharfenberg couplers, with the aim of reducing inspection and maintenance costs while increasing availability. Voith will lead development, with Siemens integrating the application into its Railigent suite and MindSphere internet of things operating system. The companies ...
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NewsRailway supply industry news round-up
South African company DCD Rolling Stock has been acquired by the TMH Africa joint venture of Russia's Transmashholding (70%) and empowerment partner Mjisa Investments (30%) for a reported R500m. TMH intends to use the business as a local manufacturing partner for global suppliers, and to enter the wider African rail ...
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NewsAfrican supply chain partnership
AFRICA: Unipart Rail and Gear Rail signed a partnership agreement at the Africa Rail event in Johannesburg on June 13. Unipart said the two companies would benefit from bringing together Gear Rail’s reach in Africa and Unipart Rail’s expertise in modernising supply chains, with the aim of reducing costs and ...
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NewsSiemens reveals Velaro Novo 360 km/h train concept
GERMANY: Siemens unveiled its Velaro Novo concept for the next generation of high speed train on June 13, saying the first sets could be in service in 2023. The 8 MW Velaro Novo is designed for operating speeds of between 250 and 360 km/h, and would set ‘new ...
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NewsGE Transportation holds Ukrainian supplier day
UKRAINE: GE Transportation held an industry day in Odesa on June 5 to highlight the opportunities for Ukrainian companies to participate in its supply chain. As part of the event, the US company signed a co-operation agreement with Ukrainian rolling stock manufacturer KVSZ. The industry day follows the signing in ...
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NewsEuropean Commission notified of planned Siemens-Alstom merger
INDUSTRY: Siemens and Alstom jointly filed an application for merger control clearance with the European Commission on June 8. The two companies said the processes to obtain regulatory approval for the planned merger of Alstom with Siemens’ Mobility business was ‘advancing in all relevant jurisdictions’. However they cautioned that ‘extended ...
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NewsRailway supply industry news round-up
Siemens held a Belt & Road International Summit in Beijing on June 6-7, where it entered into more than 10 agreements with partners including China Railway Construction Corp (International) Ltd and China Civil Engineering Construction Corp to seek opportunities from the Chinese government’s strategic programme. ‘As a long-term and well-established ...
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NewsPesa share purchase agreed
POLAND: An agreement for Polish state-backed investment fund PFR to take over rolling stock manufacturer Pesa was finalised on May 25. The terms of the takeover have been agreed, and financial close is due in mid-June. Pesa confirmed in March that it was entering into exclusive negotiations with PFR. ...
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NewsRailway supply industry news round-up
European ticket retailer Loco2 and insurer TicketPlan now offer a cancellation protection service which enables customers to apply for reimbursement of non-refundable multi-leg journeys in the event of strikes or other unforeseen cancellations. For example, if a customer has an order containing two non-refundable tickets and one leg is cancelled, ...
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NewsTransnet looks abroad
SOUTH AFRICA: State-owned transport group Transnet officially launched its international subsidiary Transnet International Holdings on May 30. Constituted as a separate legal entity, with its own Board of Directors, TIH is intended to leverage Transnet’s core skills in the operation of ports, railways and pipelines, as well as promoting intra-African ...
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News'Milestones' reached in Siemens Alstom merger process
INDUSTRY: At a meeting on May 30 the Alstom board approved the convening of shareholders’ meetings on May 17 where resolutions relating to the proposed merger with Siemens Mobility would be submitted for approval. On May 28 France’s Ministry for Economy & Finance had granted Siemens foreign investment authorisation for ...
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NewsThales acquires Danish driver-advisory specialist
EUROPE: To strengthen its traffic management capability, Thales announced on May 29 that it had completed the acquisition of Danish technology specialist Cubris. The København-based start-up is a market leader in connected driver advisory systems, having developed the GreenSpeed equipment used by DSB and Banedanmark, as well as regional operator ...
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NewsTehran metro car order derailed
IRAN: A deal for Stadler Rail to supply rolling stock for two of the country’s metro networks is expected to collapse as a result of US President Donald Trump’s decision to pull out of the 2015 nuclear limitation agreement and reimpose sanctions. At the end of February, ...
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Rail Business UKCustom-designed road-rail drain cleaner
UK: AJH Plant Engineers has designed and built a road-rail drain cleaning machine based on a crop sprayer to meet the requirements of specialist railway contractor Complete Drain Clearance. GK&N Services supplied the jetting equipment which is suitable for tasks including cleaning out catch pits, drains and troughing. The vehicle ...
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Rail Business UKStadler sees servicing and bimodes as opportunities
UK: Stadler’s contract to supply 52 four-car electric multiple-units for Merseyrail services around Liverpool is a ‘flagship project in the UK market’, where the company is currently involved in six tenders, UK Programme Director Thomas Zweifel told Railway Gazette International on May 16. CEO of Stadler’s services business Jürg Gygax ...
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NewsReform of Swiss public transport takes shape
SWITZERLAND: Plans are being drawn up for a reorganisation of the way regional public transport services are procured in a bid to ensure that they remain efficient and sustainable in the long term. Proposals for reform were discussed at a meeting in early May between the Federal Office for Transport ...
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NewsRailway supply industry news round-up
New Jersey-based supplier of rolling stock and braking components Strato Inc has signed an agreement for GBS Railroad & Mining Services to promote and distribute its products for the rail sector in Australia and New Zealand. Systems and engineering technology consultancy Frazer-Nash has formed a new Transport & Infrastructure business ...
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NewsTransmashholding and Hitachi form joint venture
RUSSIA: Transmashholding and Hitachi signed an agreement on May 21 to form a joint venture to manufacture traction inverters for the CIS market. Transmashholding will own 51% of the 375m rouble capital and Hitachi 49%. The joint venture is expected to produce up to 200 inverters a year at ...
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NewsWabtec to merge with GE Transportation
INDUSTRY: Wabtec Corp has entered into a definitive agreement to merge with GE Transportation, the companies announced on May 21. The transaction is expected to close in early 2019, subject to approval by Wabtec shareholders, and regulatory authorities, making Wabtec ‘a global leader in the rail equipment, software and services ...
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NewsŠkoda becomes sole owner of Transtech
FINLAND: Škoda Transportation Group signed an agreement to purchase the remaining shares in Transtech on May 21. With the purchase of the 25% stake from Sinituote Oy, Škoda becomes the 100% owner of the Finnish rolling stock manufacturer. In 2015 Škoda Transportation Group acquired 75% of Transtech from investment ...