CRRC acquires first locomotive manufacturer in Europe
After almost nine months of talking and approving, Germany-based Vossloh Group has finally sold its locomotive business to CRRC Zhuzhou Locomotive, a subsidiary of China Railway Rolling Stock Corporation (CRRC). The deal comes into effect...Read moreCRRC gets green light to purchase Vossloh Locomotives
Chinese rolling stock giant CRRC has received a green light for purchasing Vossloh Locomotives, the rolling stock unit of Vossloh Group. The deal approval was issued by German competition regulator Federal Cartel Office. With the...Read more
Bombardier finalises price for its rail business
Bombardier Inc. has moved forward in the negotiations with Alstom over the future of its rail business. The Canadian company will sell its transport division to the French manufacturer for around 7.45 billion euros. At...Read more
Akiem enters UK’s train leasing market
Akiem Group has expanded its business to the United Kingdom. The French-German locomotive lessor purchased the rolling stock leasing business of Macquarie Europe Rail. As a result, around 300 units of rolling stock will be...Read more
Alstom confirms ongoing talks with Bombardier
Alstom has officially confirmed its talks with Bombardier. The French train manufacturer plans to purchase the rail business unit of the Canadian company. The other details have not been disclosed. Alstom will report them after...Read more
Alstom bids a price for Bombardier rail unit
Alstom has appraised the rail business of Bombardier at 7 billion dollars (around 6.5 billion euros). This price, as some media report, was offered by the French rolling stock manufacturer for the first time. However,...Read more
Bombardier in merger talks with Alstom
After selling a major part of its aviation business, Canadian company Bombardier plans to get rid of its rail activities. It has started negotiations with the French rolling stock manufacturer Alstom on a possible merger....Read more
Wabtec adds another locomotive facility to its portfolio
U.S. technology company Wabtec Corporation has purchased RELCO Locomotives. The Iowa-based facility is focused on the maintenance and retrofitting of locomotives for railway operators and transit agencies across North America. This acquisition will strengthen the...Read more
Deutsche Bahn prepares Arriva for IPO
Deutsche Bahn is considering to launch an initial public offering (IPO) of its multinational transport subsidiary Arriva. The company’s minority stake might well be sold next year. Afterwards, DB plans to put the remaining shares...Read more
Vossloh sells US turnout facility to Caterpillar
German supplier of railway products Vossloh Group has sold Cleveland Track Material, its main facility focused on manufacturing the turnout systems for the North American market. The plant was purchased by Progress Rail, a subsidiary...Read more
Thalys and Eurostar may merge into one entity
European cross-border high-speed railway operators Thalys and Eurostar may merge into one entity. By 2030, the combined company will serve 30 million passengers a year and make a significant contribution to the EU’s ‘shift to...Read more
Stadler establishes first joint venture in Asia
Swiss rolling stock manufacturer Stadler Rail has set a strategic milestone in expanding its business abroad. The company signed an agreement with its Indonesian counterpart PT INKA to establish the first joint venture in Indonesia...Read more
Systra acquires engineering subsidiary of British Steel
France-based technology company Systra has acquired TSP Projects, the multi-discipline design and engineering subsidiary of British Steel. The deal allows the French giant to double its presence in the United Kingdom. Since 30 August TSP Projects...Read more