SIEMENS announced plans on May 11 to cut nearly 1700 jobs in Germany during the next few years including 300 immediately at Siemens Mobility’s Krefeld train building plant, as part of the company’s efficiency and modernisation drive to turn Siemens into a “digital industrial” company.
BOMBARDIER and Siemens are discussing a possible merger between their two railway equipment manufacturing division, Bombardier Transportation and Siemens Mobility, according to a report by Bloomberg.
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 month.
ASTRA Rail Management and The Greenbrier Companies, United States, announced plans on October 13 to form a new company, Greenbrier-Astra Rail, creating a Europe-based freight wagon manufacturing, engineering, and repair business.
THE European Commission (EC) has approved the planned acquisition of Faiveley Transport by Wabtec, on condition that Faiveley sells one of its subsidiaries.
BALFOUR Beatty has purchased Omnicom Engineering, a British company specialising in on-board video and laser surveying, inspection and monitoring systems, for an undisclosed sum.
GE Transportation has acquired ShipXpress, a cloud-based software solutions company which allows railways to operate efficiently with their supply chain partners.
ITALY’s transport and infrastructure minister, Mr Graziano Delrio, has issued a decree for Italian State Railways (FS) to take over South East Railway (FSE), which has been in financial difficulties for some time.
WHITING Corporation, United States, has acquired LB Foster's rolling stock and locomotive repair and service assets in Pittsburgh for an undisclosed sum.
ANTIN Infrastructures in a joint venture with Icamap and Borletti Group has offered €953m to acquire Grandi Stazioni Retail from Italian State Railways (FS) and Eurostazioni, which FS says is the best of the four offers it has received.