Railpower Technologies announced at the end of January that it had raised C$30m through a bought deal with a syndicate of Canaccord Adams, Sprott Securities, National Bank Financial, Paradigm Capital and Pacific International Securities. The hybrid loco technology company will use the proceeds to finance the fulfilment of current orders and support its inventory, as well as undertake research and market development.
On February 7 Faiveley Transport announced that it had entered into exclusive negotiations for the acquisition of Espas Group, which designs and manufactures doors and on-board electronics for rail vehicles. Based at Tours in France, Espas is an established supplier to SNCF, RATP, Alstom and Bombardier, employing 82 staff and recording sales of k12m in 2006.
