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
Unife wants to exclude China from European rail tenders
The Association of the European Rail Industry (UNIFE) warns of the possible challenge for European rolling stock manufacturer after the purchase of the Vossloh Locomotives business unit by CRRC. If the deal will be approved,...Read more
SBB gets investor for domestic freight business
Swiss railway group SBB has obtained a strategic investor for its domestic freight business. 35 per cent of the SBB Cargo shares were purchased by Swiss Combi, a joint venture consisting of Planzer Holding, Camion...Read more
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