Siemens Mobility to Purchase Sqills for $651MM
Siemens Mobility has announced it is acquiring Dutch cloud-based inventory management, reservation and ticketing software provider Sqills for €550 million (US$650.89 million) plus an earn out.
Author: David Burroughs
EllisDon, AECOM Propose C$9B Edmonton-Calgary High Speed Line
The proposal will compete with a planned hyperloop line between the cities.
Three JVs Shortlisted for BART Silicon Valley Phase 2 Tunneling Contract
The Santa Clara Valley Transportation Authority (VTA) has shortlisted three joint ventures to undertake the estimated $2 billion tunnel and trackwork contract for the Bay Area Rapid Transit (BART) Silicon Valley Phase 2 (BSV2) extension project.
Virgin Sues Brightline Over Branding Contract
Virgin Enterprises, Britain, has launched legal proceedings against U.S. private passenger rail operator Brightline to recoup $ 251.3 million it says it is owed after Brightline pulled out of a 20-year deal to use the Virgin brand.
Alstom Completes Bombardier Transportation Takeover
Alstom has completed its $6.68 billion (€5.5 billion) acquisition of Bombardier Transportation, cementing its position as the second largest rail manufacturer in the world after CRRC.
Salcef Acquires Majority of Delta Railroad Construction
A subsidiary of Italy-based Salcef Group has acquired 90% of the share capital of U.S.-based railway construction and maintenance company Delta Railroad Construction.
EC Approves Alstom’s Bombardier Transportation Acquisition
The European Commission (EC) has approved Alstom’s bid to take over rival Bombardier Transportation, a move which will create the second largest manufacturer in the rail sector behind CRRC.
RZD Outlines Road Map to Develop Quantum Communications
Russian Railways (RZD) has developed a draft road map to develop quantum communications, as the company looks to build on successful tests of the secure communications system.
Shift2Rail Call for Proposals Receives 43 Requests Worth €113.3MM
Europe’s Shift2Rail (S2R) research initiative has received 43 requests for a combined €113.3 million in funding in its 2020 call for proposals, around 50% more than the €75.4 million in available funding.
Internal Documents Published After Stadler Refuses $6MM Ransom
Internal documents stolen during a cyber-attack on Stadler’s headquarters have been published online after the manufacturer refused to give in to ransom demands.