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
The proposal will compete with a planned hyperloop line between the cities.
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 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 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.
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.
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.
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.
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 stolen during a cyber-attack on Stadler’s headquarters have been published online after the manufacturer refused to give in to ransom demands.