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Alstom and Siemens sign Business Combination Agreement THE merger of Siemens’ mobility business and Alstom reached a milestone on March 23 with the signing of a Business Combination Agreement (BCA) setting out terms and conditions agreed by the two companies for the combination.
record-first-quarter-ridership-for-eurostar
GROWTH in the business market and a further rise in travellers from the United States have helped Eurostar to achieve record first-quarter ridership, according to the latest figures from the international high-speed operator. Passenger numbers increased...
fret-sncf-to-be-spun-off-in-french-rail-freight-reform
THE French prime minister, Mr Edouard Philippe announced during a visit to the Bonneuil-sur-Marne freight terminal in southern Paris on April 16 that French National Railways’ (SNCF) loss-making rail freight unit Fret SNCF will be...
railpool-acquires-northrail-locomotive-maintenance-unit
HAMBURG-based Paribus Group has sold its Northrail Technical Service locomotive maintenance subsidiary to traction leasing company Railpool. Railpool acquired all shares in the company on April 1 and the business will now operate as Railpool Lok-Service. The...
first-group-rejects-us-takeover-bid
THE board of bus and rail operator First Group has unanimously rejected a cash offer from US equity firm Apollo Management to buy the company, saying the offer “fundamentally undervalues the company and is opportunistic...
it-specialist-men-mikro-elektronik-to-merge-with-duagon
HQ Equita has agreed to sell its MEN Mikro Elektronik IT subsidiary to Deutsche Beteiligungs which will result in the merger of MEN Mikro Elektronik with Deutsche Beteiligungs’s Duagon Holding subsidiary.The founder of MEN Mikro...
european-commission-approves-italo-ntv-acquisition
THE European Commission (EC) has approved the acquisition of Italian open-access high-speed operator Italo-NTV by the US-based Global Infrastructure Partners (GIP) III equity fund. The Commission says it has concluded that the proposed acquisition would not...
global-rail-industry-outlook-looks-positive-says-survey
SCI Verkehr’s annual assessment of the rail business climate, based on a survey of around 100 representative companies from the global railway industry, says the outlook is more positive in the first quarter of this...
european-commission-approves-škoda-transportation-sale
THE European Commission (EC) has approved the takeover of Škoda Transportation by investment company PPF Group, officially based in the Netherlands but owned by Czech entrepreneur Mr Petr Kellner, one of the richest persons in...
prorail-fined-for-poor-performance-in-2017
THE Dutch secretary of state for infrastructure, Mrs Stientje van Veldhoven, has imposed a €1.27m fine on infrastructure manager Prorail for failing to meet performance benchmarks last year.In 2017 there were 635 incidents, especially signalling...
rising-staff-costs-reduce-israel-railways’-profits
ISRAEL Railways (IR) recorded a sharp decline in operating profti from Shekels 73m ($US 20.7m) in 2016 to Shekels 15m last year, with a net profit of Shekels 13m. This was due to a pay...

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