Railway supply industry news – Page 93
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NewsRailway supply industry news round-up
The Indian cabinet has approved the closure of the Ministry of Railways’ Burn Standard Company Ltd wagon manufacturing and repair business. It said the decision had been taken ‘in view of the continuous poor physical and financial performance of the company for more than 10 years despite financial assistance ...
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NewsLocomotive maintenance business sold
GERMANY: Paribus Group has sold its Northrail Technical Service locomotive maintenance and repair business to Railpool Group, which is to operate it under the Railpool Lok-Service brand. Paribus Group partner Dr Volker Simmering said NTS had made a valuable contribution to maintaining locomotives owned by its Northrail leasing business, but ...
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NewsFirstGroup rejects Apollo takeover proposal
FIRSTGROUP: The board of UK-based rail and bus operator FirstGroup plc confirmed on April 11 that it had received a ‘preliminary and highly conditional’ indicative cash takeover proposal from US private equity firm Apollo Management IX LP. In a statement, the FirstGroup board said it had ‘considered the proposal in ...
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Metro Report InternationalUber app to offer public transport tickets
INTERNATIONAL: Mobile ticketing developer Masabi announced on April 11 that it has entered into a strategic partnership with on-demand taxi company Uber which would integrate public transport tickets into the Uber app. Once an agreement is reached with a public transport agency, users would be able to buy mobile ...
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NewsRail.One opens Aschaffenburg concrete sleeper plant
GERMANY: Rail.One officially began series production of concrete sleepers at a new plant in Aschaffenburg with an inauguration ceremony on April 11. The site will produce the B70 sleeper design which is widely-used in Germany, as well as other types of sleeper for German and European main line and urban ...
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NewsAlstom opens Canadian light rail vehicle factory
CANADA: Alstom opened an assembly plant for light rail vehicles in Brampton, Ontario on April 10. The factory will be used to produce 61 light rail vehicles that Greater Toronto & Hamilton Area transport authority Metrolinx ordered in May 2017. The C$528m contract includes an option for ...
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NewsOsaka metro reform paves the way for investment drive
JAPAN: The Osaka metro has been restructured from a public body to an arms-length company, with the city government’s Osaka Municipal Transportation Bureau becoming Osaka Metro Co on April 1. Former Panasonic executive Hideaki Kawai has been brought in as President of the new company, under changes pushed through by ...
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NewsRailway supply industry news round-up
On April 3 the Austrian antitrust court approved VTG’s acquisition of Nacco Group, subject to conditions. German approval had been granted the previous week, and so the transaction has now been approved by all relevant parties. The transaction is expected to close during the second half of 2018. With effect ...
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NewsStadler to double capacity of bogie centre
HUNGARY: Stadler is to invest €30m to double the capacity of its centre of competence for bogie refurbishment in Szolnok from 250 to 500 bogies per year. The investment announced on March 29 is to be undertaken in two phases. The first phase of construction will get underway in April ...
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NewsEuropean Commission clears Škoda Transportation acquisition
CZECH REPUBLIC: The European Commission announced on April 3 that PPF Group’s proposed acquisition of sole control of Škoda Transportation and related companies had been approved under the EU Merger Regulation. Following an examination under the simplified merger review procedure, the Commission concluded that the transaction would raise no competition ...
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NewsRailway supply industry news round-up
Trainline has announced a partnership with Austrian Federal Railways, enabling it to sell all ÖBB products including discounted, Nightjet and Wien City Airport Train tickets. Scandinavian sales, distribution and settlement company Linkon AB has been rebranded as SilverRail Technologies AB and integrated into the SilverRail Technologies Group. ‘SilverRail has been ...
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NewsBombardier Transportation completes negotiations for ‘reorientation’ in Germany
GERMANY: Bombardier Transportation has announced the completion of negotiations with employee representatives for the ‘reorientation’ of its German activities. The company said the programme scheduled for completion by 2020 would offer all of its German sites a ‘long-term and sustainable perspective’, although there would be a loss of up to ...
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NewsSiemens and Alstom sign agreement for ‘the birth of a new champion’
INDUSTRY: A business combination agreement for the proposed merger of Siemens’ Mobility division with Alstom was signed by the two companies on March 23. The BCA sets out the terms and conditions agreed by the companies, building on a memorandum of understanding signed on September 26 2017 and the conclusion ...
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NewsLocomotive Workshop Rotterdam joint venture announced
NETHERLANDS: Siemens and leasing company Mitsui Rail Capital Europe have agreed to establish an equally-owned locomotive servicing and maintenance joint venture to be known as Locomotive Workshop Rotterdam. Subject to regulatory approval, the formation of the company is expected to be completed in the first half of 2018. A groundbreaking ...
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NewsPowerlines takes over Carillion stake in joint venture
UK: Powerlines Group has taken over the 50% stake in the Carillion Powerlines Ltd joint venture which had been held by insolvent construction company Carillion plc, giving it 100% ownership. Carillon employees working at Carillion Powerlines Ltd will now be transferred to Powerlines Group’s British subsidiary SPL Powerlines UK, securing ...
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Metro Report InternationalDubai Metro extension financial close
UAE: Financial close for Phase 2 of the Route 2020 project to extend the Dubai Metro’s Red Line by 15 km from Nakheel Harbour & Tower to the Expo 2020 site was achieved on March 20. Banco Santander, First Abu Dhabi Bank, HSBC Bank Middle East, Intesa ...
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NewsRailway supply industry news round-up
On March 20 Rolls-Royce Power Systems and Force Motors signed an agreement to form Force MTU Power Systems, a 49:51 joint venture based at Chakan near Pune in India which would produce MTU’s 10 and 12-cylinder Series 1600 engines for power generation and underfloor rail applications. Serial production is planned ...
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NewsSmart sleepers could provide real-time data collection
EUROPE: An agreement to co-operate to develop ‘smart’ sleepers containing real-time data collection sensors has been signed by Italian start-up company Greenrail and Spanish technology provider Indra. The companies are to work together to study the technical and economic viability of the concept, which would integrate Indra’s technology with Greenrail’s ...
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NewsJohn Laing sells Intercity Express Programme stake
UK: Following the receipt of final bids earlier in the week, John Laing Group plc announced on March 13 that it had agreed to sell its 15% stake in the Intercity Express Programme Phase 1 to insurance and asset management company AXA. The deal is worth is £227·5m net of ...
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News‘Milestone’ contracts boost Talgo order intake
TALGO: Spanish rolling stock manufacturer Talgo signed new orders totalling €700m in 2017, its highest intake since 2011, and increased its order backlog to €2·8bn as of the end of the year, representing more than seven times its full-year revenue. Net turnover of €384m was down from €580m in 2016, ...