ONLINE travel company Expedia announced on May 11 that it has entered into a definitive agreement to acquire a majority stake in British rail ticketing and distribution specialist SilverRail Technologies.
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.
AFTER a difficult year in 2016, Eurostar returned to growth in the first three months of this year with increasing revenues and ridership, according to the operator’s first quarter results, which were published on May 10.
ALSTOM achieved a 6% increase in sales and a 15% rise in Ebit for the year ending March 31 2017, while its order backlog reached a new record of €34.78bn.
TÜV SÜD announced on May 3 that it has acquired Swedish Company MiW Rail Technology for an undisclosed fee, as it aims to strengthen its position in the Scandinavian rail market.
THE Greenbrier Companies confirmed on May 1 that it has completed a transaction which increases its stake in South America’s largest wagon manufacturer Greenbrier-Maxion from 19.5% to 60%.
AUSTRIAN Federal Railways (ÖBB) has reported strong results for 2016, with ridership reaching a record 244 million passengers in 2016, slightly up from the 238 million passengers recorded in 2015.
LEASING company Mitsui Rail Capital Europe (MRCE) has sold 32 Vossloh diesel locomotives to Dublin-based RIVE for an undisclosed sum.
REVENUES at Russian Railways (RZD) increased by 7.1% to reach Roubles 2.133 trillion ($US 38.08bn) in 2016 helping the company’s Ebidta to soar by 15.4% to Roubles 443bn and net profit to increase from Roubles 8bn in 2015 to Roubles 10bn last year.
SNC-LAVALIN announced on April 20 that it has reached an agreement with WS Atkins to acquire the company’s entire share capital at £20.80 per share, representing an aggregate cash consideration of £2.1bn.
