CAF has completed the acquisition of 100% of rail and aerospace critical electronic system supplier Orbital Critical Systems. CAF first took a stake in 2018, since when the companies have developed closer ties, with CAF able to apply expertise from the aerospace sector to rail.
Egis and Cylus are to develop a rail security operations centre at their joint cybersecurity centre in Mumbai. From January 2022 the centre will use Cylus’ CylusOne machine learning-driven platform to provide round-the-clock services to monitor, detect, identify and respond to impending threats in the rail and urban transport sectors. The centre ‘will be the first of its kind; combining security for a wide array of critical rail assets, networks and systems’, said Cylus CEO Amir Levintal. ’After working closely with dozens of leading rail companies worldwide, we came to the realisation that the need for a specialised, rail-specific SOC is of paramount importance.’
Newly incorporated Integrated Rail & Resources Acquisition Corp has closed its $230m initial public offering on the New York Stock Exchange. The company has been formed by investor DHIP Group and short line holding company Rio Grande Pacific and aims to effect a merger or acquisition with bulk commodities companies such as North American railways. Stifel, Nicolaus & Co served as sole book-running manager and Roberts & Ryan Investments acted as a co-manager.
Siemens Mobility and UK-based cybersecurity company RazorSecure have signed a co-operation agreement to provide rolling stock operators and fleet owners with enhanced monitoring. ‘Real-time monitoring and the earliest possible detection of irregularities in the IT and software structure of our trains are the only way to ensure 100% fleet availability while maintaining the highest level of cybersecurity. RazorSecure can help us achieve this goal with their expertise and proven solutions’, said Johannes Emmelheinz, CEO Customer Service at Siemens Mobility.
Transmashholding’s rolling stock maintenance business TMH Germany has joined the German railway industry association VDB. ‘As new member of VDB and a locally engaged industrial investor, we are committed to contribute to the development of rail transportation in Germany’, said Managing Director Klaus Hock.
Alstom has been included in the Dow Jones Sustainability Indices, World and Europe, for the 11th consecutive year. It reached an overall score of 75 out of 100 in the Corporate Sustainability Assessment (95% percentile 2021), and has maintained its ranking while the DJSI saw a record increase in participation of 33% to 1 843 companies evaluated out of over 5 300 invited to be assessed.
Eurofima’s ISS environmental, social and governance rating has improved from C+ to B-, putting it in the best 10% companies in the specialised finance sector.
