SCI Rail Holdings subsidiary A Stucki Co has acquired Savage Services Corp’s locomotive fuelling business Savage Fueling Corp, which operates at more than 60 sites in 25 US states. It will be branded Velocity Rail Solutions, with operations continuing unchanged under the existing management team.
Luminator Technology Group and KeTech Systems Ltd have agreed a strategic partnership to supply passenger information and connected driver advisory systems. 'We have been working together for the last two years developing our integrated offering and we have been inspired by the opportunity to work with a partner that shares our vision of the future of this fast-developing sector', said KeTech CEO Mike Tebbutt. LTG Managing Director Roald Gréboval said the companies had designed a 'unique, reliable and long-lasting platform integrating the real time information solution of KeTech and the passenger information system of LTG.’
A management buyout has been completed at French drivetrain manufacturer Texelis, supported by institutional investors Siparex, Bpifrance and Carvest. Phillippe Frantz had been the majority shareholder since the Texelis was separated from Renault Trucks in 2009, and continues to be a shareholder. The company supplies products including axles and power transmission systems for heavy vehicles such as metro trains, trams, armoured vehicles and heavy lorries to customers including Siemens and Bombardier.
Jacob Zeeman is to become CEO of Strukton Rail with effect from January 1. He succeeds Aike Schoots who will remain a member of Strukton’s group executive board and will continue to undertake activities for Strukton Rail, including commercial activities in China and India for Strukton Rolling Stock and will also remain a member of the supervisory board of Eurailscout and CLF. As of January 1, the board of Strukton Rail will comprise Jacob Zeeman (CEO), Hijlke Huijzer (HR), Jos Kool (Finance), Enrico Peola (Italy) and Robert Röder (Scandinavia).
Wascosa has announced a simplification of its management structure and the appointment of new board members with effect from January 1. Chairman Philipp Müller said this would create ‘the necessary conditions to ensure we can deliver innovative and top-quality services to customers and respond flexibly to changing market requirements’. The seven divisions will be reduced to five, led by Peter Balzer (CEO; existing member), Yann Bonguardo (Chief Sales Officer; new member), Stephan Kellmann (Chief Finance Officer; new member), Irmhild Saabel (Chief Business Development Officer; existing member) and Markus Vaerst (Chief Operations Officer responsible for Maintenance, Technical and Purchasing; new member). Fabian Stadler moves from CFO to the newly created role of Chief Business Excellence Officer, while Chief Investment Officer Kirsten Trost will head Investor Relations from July 1 2019. Thomas Lippuner (CSO), Markus Basler (CCO), Detlef Schlickelmann (CTO) and Daniel Schmid (COO) are to leave Wascosa GmbH, the recently acquired former Nacco business based in Hamburg.
