Finnish VR Group takes over Arriva Sweden
VR Group from Finland is acquiring Swedish bus and railway company Arriva Sweden, previously owned by Deutsche Bahn. With the takeover of Sweden’s third largest train operator, VR Group wants to grow and strengthen its...Read more
Alstom transfers Zefiro high-speed trains to Hitachi
Alstom has agreed to transfer business activities of Bombardier Transportation’s contribution to the V300 Zefiro very high-speed train to Hitachi Rail. This transaction was one of the European Commission’s condition for Alstom to acquire Bombardier...Read more
Alstom sells divisions to CAF to meet conditions for Bombardier merger
Alstom announced that it has agreed to divest its Coradia Polyvalent platform, its Reichshoffen production site in France and its TALENT3 platform, currently developed in Hennigsdorf, Germany to the Spanish company CAF. This was one...Read more
Alstom does not yet meet European conditions to acquire Bombardier
More than seven months after the completion of its takeover of Bombardier, Alstom has not yet met all the conditions set by the European Commission. For example, the French train giant had to (partially) divest...Read more
Hitachi Rail to acquire Thales’ rail business
Hitachi Rail has agreed to buy the Ground Transportation Systems of Thales. This branch has a value of approximately 1.7 billion euros. The acquisition is expected to be completed by the end of 2022.Read more
Vossloh takes over Dutch supplier ETS Spoor
International railway supplier Vossloh has taken over the Dutch ETS Spoor. With the acquisition, the company wants to expand its position on the Dutch rail market. Read more
‘Merger Eurostar and Thalys leads to more expensive train ticket’
“A merger between Eurostar and Thalys will give the combined company a monopoly position on the railways. As a result, the prices of the train tickets will increase”, says Arriën Kruyt of the European Passengers’...Read moreAlstom completes Bombardier purchase for 5.5 billion
The takeover of Bombardier by French train manufacturer Alstom is completed, the company announced on Friday. This makes the company the second largest train builder after the Chinese train manufacturer CRRC.Read more
Bombardier sell to Alstom papers complete
December 1 marks the day Bombardier and Alstom have completed all the necessary administrative approvals to complete the sell of Bombardier Transports to Alstom. The talks to sell the Canadian company’s rail division to Alstom...Read more
Merger deal of Alstom and Bombardier approved
The European Commission has finally allowed Alstom to purchase Bombardier Transportation. However, both companies should fulfil some commitments. The deal will be completed in the first half of 2021.Read more
First rolling stock facility of Transmashholding in European Union
Russian manufacturing group Transmashholding has acquired Dunakeszi Járműjavító, a Hungarian rolling stock plant. It is the first TMH’s facility in the European Union. The Russian holding plans to turn the Hungarian plant into a rolling...Read more
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