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Topic: Mergers-and-acquisitions

Vossloh DE18 locomotive, source: Vossloh

CRRC purchases locomotive business from Vossloh

CRRC Zhuzhou Locomotive, a subsidiary of China Railway Rolling Stock Corporation (CRRC), will purchase Locomotives business unit from Vossloh Group. The deal will be finalised in the coming months. Afterwards, Vossloh will focus exclusively on...Read more
|Comment|author: Mykola Zasiadko
Newcastle Light Rail, source: Wikipedia

Ricardo Rail steps up to Australia

British advisory and engineering company Ricardo has purchased shares of Transport Engineering, a leading rail technical services consultancy based in Australia. The acquisition strengthens Ricardo’s rail division and increases its total staff to more than...Read more
|Comment|author: Mykola Zasiadko
GE locomotives, source: General Electric

GE Transportation merges with Wabtec

GE Transportation, the General Electric’s subsidiary specialised in manufacturing rolling stock and railway equipment, has merged with Wabtec Corporation. The U.S. technology company has sold more than half of GE Transportation shares. The remaining lesser...Read more
|Comment|author: Mykola Zasiadko
Siemens and Alstom logos, source: Siemens

New concessions for Alstom-Siemens merger

The discussions over the merger of Alstom and Siemens escalated by the new concessions proposed by both companies. While EU competition authorities are reviewing the new offer, some officials see political support for the deal....Read more
|Comment|author: Mykola Zasiadko