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Leo Express bids for Locomore CZECH open-access operator Leo Express has submitted a bid for German long-distance operator Locomore, which filed for insolvency earlier this month.
siemens-acquires-condition-monitoring-provider
SIEMENS has acquired the MRX Technologies Group, Australia, in an effort to expand its predictive maintenance offering. MRX provide condition monitoring for rolling stock, rail infrastructure and rail inspection systems. The parties agreed not to disclose the...
fs-acquires-stake-in-milan-metro-5-concession
ITALIAN State Railways (FS) confirmed on June 9 that it has acquired a 36.7% stake in Milan Metro Line M5 concessionaire Metro 5 from Astaldi, making it the lead shareholder in the consortium. The transaction, which...
stadler-achieves-record-orders-in-2016
STADLER Rail, Switzerland, says it achieved a record number of train orders in 2016 worth SFr 4.9bn ($US 5.1bn), compared with SFr 2.1bn in 2015. However, turnover increased only marginally, from SFr 2.05bn in 2015...
engie-ineo-acquires-icomera
ENGIE Ineo, a subsidiary of French utility company Engie, has acquired Swedish onboard communications specialist Icomera for an undisclosed fee. Icomera specialises in Wi-Fi solutions but also provides passenger information, cyber security, surveillance, network management, onboard...
seoul-metro-operators-merge
SEOUL metro operators, Korea, Seoul Metro and Seoul Metropolitan Rapid Transit Corporation (SMRT) merged on May 31 following a majority vote from the unions of both corporations in November 2016. Seoul Metro operates the majority of...
profits-down-at-first-group’s-rail-division
THE rail division of First Group, Britain, saw a 26.2% drop in profit from £72.9m for the year ending March 31 2016 to £53.8m in 2016-17, while its operating margin fell from 5.6% to 4.2%...
OVER the last year, Brazil’s already-struggling railway construction programme has endured a rough ride as political turbulence and a fiscal crisis have restrained government spending. However, these are not the only issues holding back expansion...
leo-express-bids-for-locomore
CZECH open-access operator Leo Express has submitted a bid for German long-distance operator Locomore, which filed for insolvency earlier this month. Leo Express CEO Mr Peter Köhler confirmed to IRJ that the company had submitted an...
ge-consortium-preferred-bidder-for-nigerian-rail-concession
A CONSORTIUM led by General Electric (GE) and including Transnet, South Africa, has been named preferred bidder by the Nigerian government for a concession to rehabilitate, finance and operate Nigerian Railways’ 3505km 1067mm-gauge network. The consortium...
new-zealand-to-invest-almost-$nz-1bn-in-rail
THE New Zealand government has revealed that it will invest $NZ 450m ($US 318m) in KiwiRail, $NZ 436m in Auckland city’s rail link, and $NZ 98.4m in Wellington’s commuter rail network as part of its...

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