Industry News in Brief

Signalling and control system modelling and development specialist The Railway Engineering Co has been bought by Strainstall Group. TRE will operate as a separate business within the group.

In April Frankfurt-based transport financing specialist DVB Bank registered DVB Capital Markets LLC with the US Securities & Exchange Commission as a broker-dealer serving the rail and other land and sea transport markets.

Vossloh Information Technologies’ Polish subsidiary Vossloh IT Polska officially opened an office in Warszawa on June 1.

On June 14 Dresden University of Technology and Siemens Transportation Systems signed a co-operation agreement covering joint research, teaching and training, with a focus on electric traction systems. Siemens will fund PhD scholarships and provide a honorary professor.

On June 2 trading firm Alta signed a €50m contract to supply workshop equipment from seven Czech manufacturers to Yekaterinburg-based wagon builder FGUP Uralvagonzavod.