VOSSLOH confirmed the sale of its Spanish-based Rail Vehicles division to Stadler Rail on December 31 following the completion of all relevant merger control clearances. The deal was initially signed on November 4 and is the first of three prospective sales of the units which comprise Vossloh's Transportation division.
MID-SAXONY Transport Authority (VMS) says it will start using eight electro-diesel Citylink tram-trains for services from Chemnitz city centre to Hainichen, Burgstadt and Mittweida in early 2016.
PASSENGER Rail Agency of South Africa (Prasa) has approached the High Court in Johannesburg in a bid to terminate the controversial €250m locomotive deal it signed with Vossloh, alleging that the tender was rigged.
VOSSLOH says it is on course to achieve sales growth of between 5 and 10% next year, excluding sales from its Spanish rail vehicles division which is being sold to Stadler Rail.
THE first of seven CityLink LRVs for Sheffield's tram-train pilot project has left Vossloh Rail Vehicles' plant at Albuixech near Valencia in Spain on the first leg of its journey to Britain.
THE mayor of Wuppertal Mr Andreas Mucke unveiled the first of a new fleet of Vossloh trains for the German city's unique suspension railway to a crowd of around 5000 people at a ceremony at Vohwinkel on November 14.
THE executive board of Vossloh signed a contract with Stadler Rail on November 4 for the sale of its Rail Vehicles business unit for €48m in cash.
VOSSLOH confirmed on October 29 that it is close to reaching an agreement on the disposal of its Vossloh Rail Vehicles business unit and announced a 6% increase in group sales in the first nine months of 2015.
GERMANY's Vossloh Group has reported an 11% increase in revenue and a 62.3% jump in Ebit for the first half of 2015 despite a drop in sales of rail fastenings.
BRITISH open-access operator Direct Rail Services has awarded Vossloh Spain a contract to supply seven additional class 68 UKLight locomotives via Beacon Rail Leasing, Britain.