Railway supply industry news
Latest business news from the global railway supply industry, including company mergers, acquisitions and financial results.
Increasing obsolescence management expertise in the rail sector
UK: Rail Forum and the International Institute of Obsolescence Management have signed of a memorandum of understanding to bring experience from other sectors to rail.
Porterbrook raises £250m in private placement
UK: Leasing company Porterbrook has closed a £250m private placement which includes existing and new investors, extending its debt maturity profile at ‘attractive’ pricing and further diversifying its investor base of US, UK and Swiss institutions.
Transport Minister backs launch of Young Rail Professionals Ireland
IRELAND: Outgoing Transport Minister Eamon Ryan wished the team launching Young Rail Professionals Ireland well via video link at a celebration in Dublin on November 7.
VR sells road freight business to focus on rail
FINLAND: VR has agreed to sell its road logistics business to München-based private equity company Mutares as part of the national train operator’s strategy to focus on its core business of passenger and freight transport by rail.
Railway supply industry news round-up
This week’s news from the global railway supply chain.
Devastating floods hit Stadler supply chain
EUROPE: Stadler says three ‘severe weather disasters’ in the last five months have had a ‘massive impact’ on its supply chain and forced the company to adjust its financial guidance. A new double-deck trainset was also lost to flooding.
Wabtec acquires relay and pantograph component businesses
French regional authority creates rolling stock company
Alstom to build new type of loco in Astana
Railway supply industry news round-up
Swedish group acquires Derby-based rail supplier Tidyco
RIA warns confidence is still low in rail supply chain
Rolling stock engineering business sees opportunities in French rail market opening
Firmer plans for Finnish rolling stock company
Operail privatisation agreement signed
Railway supply industry news round-up
Long-term rolling stock strategy aims to end supply chain boom-and-bust
‘Railway Erasmus’ scheme proposed to tackle the sector’s skills shortage
Steelmaker is latest company to express interest in acquiring Talgo
Best offer for Operail privatisation selected
Rail Campus Derby aims to attract business to ‘the UK’s transport capital’
Recycled copper contact wire to be installed
Railway supply industry news round-up
CAF commits to UK manufacturing and seeks export opportunities