Archive for category: Business

SNCF Logistics acquires 45 per cent stake in BLS Cargo

SNCF Logistics has bought a 45 per cent share in rail freight operator BLS Cargo. The deal, which still needs to be approved by competition authorities, will leave BLS with a 52 per cent majority stake in the business. Ambrogio Group (IMT) will retain its 3 per cent shareholding. BLS Cargo said the acquisition would […]
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Trenitalia completes acquisition of c2c

Italy’s state-owned rail operator, Trenitalia, has announced the completion of its acquisition of c2c from National Express. The deal, which is worth around £72.6 million, had been subject to approval from the Department for Transport (DfT). Trenitalia will now operate the franchise until it comes up for renewal in November 2029. Today’s announcement confirmed that […]
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Network Rail Consulting sets up Canadian subsidiary

Network Rail Consulting, a wholly owned subsidiary of Britain’s rail infrastructure manager, has announced the creation of a new Canadian consultancy. The new office in Toronto is a response to the company’s growing presence in North America. Nigel Ash, managing director of Network Rail Consulting, said by establishing a base in Canada the company could […]
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Network Rail Consulting sets up Canadian subsidiary

Network Rail Consulting, a wholly owned subsidiary of Britain’s rail infrastructure manager, has announced the creation of a new Canadian consultancy. The new office in Toronto is a response to the company’s growing presence in North America. Nigel Ash, managing director of Network Rail Consulting, said by establishing a base in Canada the company could […]
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Vossloh Kiepe moves to Knorr-Bremse

The electrical systems business of Vossloh Kiepe has been bought by Knorr-Bremse AG. Kiepe is a worldwide supplier of electric traction equipment, with a customer base that incudes bus manufacturers as well as tram and train builders – it supplies hybrid and hydrogen-powered systems buses and traction systems for metros and trams. The sale values […]
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British Steel in profit after first seven months

British Steel, manufacturer of a large percentage of the UK’s rail, has ended the third quarter of 2016 in profit. While any company intends to make a profit, this announcement is significant for several reasons. Firstly, it is only seven months since owner Tata sold its long products operation, with plants in Scunthorpe and Hayange […]
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SNCB considering sale of stake in Transurb

Belgium’s national rail operator, SNCB, is weighing up options for a potential sale of its stake in engineering subsidiary Transurb. SNCB said it is currently “investigating strategic options” for Transurb, including the whole or partial sale of its 92 per cent stake in the business. STIB, Brussels’ public transport operator, owns the remaining 8 per […]
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Abellio sells 40% share in Greater Anglia to Mitsui

Abellio has announced the planned sale of a 40 per cent stake in its Greater Anglia rail franchise to Japan’s Mitsui. The announcement comes less than a week after Italy’s state-owned rail operator, Trenitalia, acquired the UK’s c2c franchise from National Express. Subject to regulatory approvals, Mitsui will become the first Japanese company to own […]
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Alstom announces acquisition of Nomad Digital

Alstom has announced its plans to acquire British company Nomad Digital as it looks to capitalise on a predicted growth in the rail ICT systems market. Alstom is aiming to complete the acquisition of Nomad Holdings, which is owned by Amadeus Capital Partners, SEB Venture Capital and Deutsche Telekom Strategic Investments, by early next year. Nomad Digital […]
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EIB funds new Rotterdam metro trains

RET has signed a €120 million loan agreement with the European Investment Bank (EIB) to purchase new trains for Rotterdam’s metro network. The loan will finance the procurement of 16 trains for the Hoekse Lijn, which is due to open next year. The existing railway between Rotterdam and Hook of Holland will become part of the RET metro […]
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Midland Metro – an alliance for the long term

The Midland Metro Alliance came into effect on 4 July this year with the ambitious remit to expand the Midland Metro network still further. It is a partnership of nine organisations that aims to “transform the West Midlands by delivering the best integrated transport system for the future” and to contribute to both the social […]
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