Financial

July 12, 2017

Corys and RSI merge

TRAIN driving simulation specialists Corys, a subsidiary of Areva (66%) and EDF (34%), and RSI, a subsidiary of IFP training, have agreed to merge.
AUSTRIA’s railway network carried a total of 288.8 million passengers in 2016, an increase of 6.4 million from 2015, according to figures released by Austrian rail regulator Schienen-Control in its…
SAUDI Arabia’s Public Transport Authority (PTA) has announced that it is seeking to enter into a long-term partnership with leading international railway companies and investors to provide passenger and freight…
CANADIAN engineering company SNC-Lavalin has confirmed the acquisition of consultancy company Atkins for a $C 3.6bn ($US 2.77bn).
BRITAIN’s National Audit Office (NAO) has published findings of an investigation into the Sheffield to Rotherham tram-train scheme, and has discovered Network Rail’s (NR) original cost has quadrupled, the cost:benefit…
GERMAN company Hugo Vogelsang Maschinenbau (HVM), which specialises in configurable machines including for the rail sector, has founded a spin-off company, Vogelsang & Co, to which it has transferred all…
GERMAN leasing company VTG has signed an agreement to acquire CIT Rail Holdings, based in Paris, and its associated Nacco Group, which is a European wagon rental company.
SPEAKING in Rennes at the inauguration of the new high-speed line from Le Mans to the city, new French president Mr Emmanuel Macron made it clear that his government will…
THE Dutch anti-monopoly office, ACM, has issued a €41m fine to Netherlands Railways (NS) for abusing its economic position in the public transport market in a tender for regional operations…
BOMBARDIER has announced plans to cut 2200 jobs, 700 of which are temporary in Germany, as part of its reorientation and safeguarding strategy for its German sites.
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