Monday, August 24, 2009

GE Transportation, EuroMaint Rail in joint maintenance deal

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Erie, Pa.-based GE Transportation is partnering with Stockholm, Sweden-based EuroMaint Rail to provide maintenance and technical support to Europe’s rail industry, including service on new GE locomotives. The parties announced the deal Monday.

The partnership, or “collaboration,” will provide rolling stock maintenance, service, and spare parts services to bear as Europe's rail industry grows under deregulation. It also will provide service to existing rail fleets, as well as GE's new European PowerHaul Locomotive, which should be delivered to Freightliner Group Ltd. in the United Kingdom later this year. The supplier says the PowerHaul Locomotive is projected to cut fuel use by up to 9% compared to current operating fleet averages.

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GE Transportation is a subsidiary of Fairfield, Conn.-based General Electric Co.; EuroMaint Rail is owned by Ratos, one of Europe’s largest listed private equity companies. 

“This collaboration offers a clear win-win opportunity for both organizations and our customers,” said Mats Önner, CEO of EuroMaint Rail.  “We bring our rolling stock maintenance network, component servicing expertise, spare parts logistics, and experience in developing reliable maintenance solutions into a collaboration which I believe will show European customers the value of increased rolling stock availability, while strengthening both companies’ European growth ambitions, as the deregulation of the European rail industry continues.”
 
Jim Hilderhoff, general manager of GE Transportation’s Global Service business, said, “Combining our locomotive and service technology expertise with EuroMaint Rail’s rolling stock experience enables us to offer our customers the first pan-European service offering for all rolling stock types."