GB Railfreight has announced that EQT’s infrastructure portfolio company, Hector Rail Group, has sold the business to Infracapital - the unlisted infrastructure equity arm of M&GPrudential.
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Vossloh is set to complete its group restructuring with the sale of this third business unit, since it made the decision to strategically focus on rail infrastructure.
Robel Holding GmbH now holds a majority share of 70 per cent in the German track measurement systems and electric drives company, Vogel & Plötscher GmbH & Co. KG.
U.S. railroad operator, Genesee & Wyoming Inc. (G&W), has been acquired by consortium of vendors which is expected to cost in excess of $84 billion and close by early 2020.
BLS Cargo has signed an agreement giving the company a 100 per cent shareholding in Belgian rail freight operator, Crossrail. This acquisition strengthens BLS Cargo’s position on the North–South freight corridor and access to the Belgian ports.
Through this acquisition, EKE-Electronics expands its range of offerings to become a global supplier of remote condition monitoring systems for railway applications.
Viswanath Machiraju, General Manager and Strategy Head of Cyient’s Transportation Business Unit, explores the trends he believes the rail industry will focus on as 2019 progresses.
On 28 February 2019, the acquisition of the Frauscher Sensor Technology Group GmbH by the French Delachaux Group was closed. The Delachaux Group now holds the major share in the company, with the Frauscher Management Team holding the remaining shares.
A strategic partnership sees Brightline, the express intercity passenger rail system, collaborate with Virgin to establish a new rail brand.
PLR is the sole supplier of ultrasonic and eddy current technology for inspection trains of the German railways (Deutsche Bahn AG).
San Pedro Valley Railroad (SPV) serves Cochise County from connections with Union Pacific’s (UPRR) main line at Benson and Willcox.
The Romanian subsidiary of PCM RAIL.ONE AG, S.C. TRAVERTEC S.R.L., has a new shareholder in voestalpine VAE Apcarom SA. With this step, RAIL.ONE strengthens its position in the South-East European market and sells 60 per cent of its shares.