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Pension funds mull sale of HS1 concession ONTARIO Teachers’ Pension Plan and Borealis Infrastructure, Canada, announced on December 8 that they are considering selling their 30-year concession to own, operate and manage Britain’s 109km High-Speed 1 (HS1) link between London St Pancras and the Channel Tunnel.
ge-acquires-iders-in-step-towards-“self-aware-trains
GE Transportation confirmed on December 9 that it has acquired Iders, Canada, a designer and manufacturer of electronic products for the rail industry, which GE says will enhance its sensor data and analytics offerings and...
pension-funds-mull-sale-of-hs1-concession
ONTARIO Teachers’ Pension Plan and Borealis Infrastructure, Canada, announced on December 8 that they are considering selling their 30-year concession to own, operate and manage Britain’s 109km High-Speed 1 (HS1) link between London St Pancras...
adani-seeks-federal-funding-for-queensland-rail-link
ACCORDING to a number of recent Australian media reports, Indian mining company Adani has requested a $A 1bn ($US 745m) loan from the Australian government’s Northern Australia Infrastructure Facility (Naif) to support the construction of...
fs-acquires-two-state-owned-companies
ITALIAN State Railways (FS) has announced that it has acquired South-East Railways (FSE) and Servizi Automobilistici from the Ministry of Infrastructure and Transport. The transaction was completed on November 28 at the headquarters of the Ministry...
vossloh-to-acquire-rocla-concrete-tie
VOSSLOH announced on December 5 that it has signed an agreement to acquire North American rail infrastructure company Rocla Concrete Tie for $US 117.2m at the beginning of 2017 subject to merger control clearances. Rocla generated...
genesee--wyoming-completes-grail-acquisition
THE Australian subsidiary of Genesee & Wyoming (G&W), United States, has completed the acquisition of Glencore Rail (GRail) for $A 1.14bn ($US 846m) and issued a 49% equity stake in Genesee & Wyoming Australia (GWA)...
wabtec-completes-$us-17bn-acquisition-of-faiveley-transport
WABTEC finally acquired a majority stake in Faiveley Transport on November 30 after completing the purchase of the Faiveley family’s 51% holding. Wabtec plans to launch a tender offer for the remaining public shares this...
crrc-in-talks-to-acquire-škoda-transportation
CRRC Corporation confirmed in a statement to the Hong Kong Stock Exchange on November 28 that its CRRC Zhuzhou Electric Locomotive subsidiary has entered negotiations regarding the potential acquisition of a 100% stake in Škoda...
wabtec-acquisition-of-faiveley-gets-final-approval
THE purchase by Wabtec of the Faiveley family stake in its sintered brake material company Faiveley Transport has been granted final approval. The European Commission approved the acquisition on November 23. This was the last regulatory...
thales-to-sell-its-fare-collection-business
THALES has entered into exclusive negotiations with Latour Capital, a private equity firm, with a view to selling its transport ticketing and revenue collection, road tolling and car park management business. Thales says the divestment plan,...