Hitachi Rail’s announcement on Aug. 4 that it will acquire Thales’ railway business is set to shake up the global signaling sector. International Railway Journal Editor-in-Chief Kevin Smith examines the deal and its implications for the market.
Hitachi Rail has agreed to acquire Thales’ Ground Transportation Systems business for €1.66 billon (US$1.97 billion). The deal is expected to conclude in late 2022.
This year, Simmons-Boardman Publishing Corp. celebrates 60 years of International Railway Journal, the world’s first truly global business-to-business publication for the railway industry.
The first lines of Riyadh’s six-line, 176-km metro network are due to commence operation in the final quarter of 2021. As the world’s largest single-phase metro project nears its conclusion, IRJ Editor-in-Chief
Florence, Italy, considered by many academics as the birthplace of the Renaissance, and an important European cultural center, is where Hitachi Rail (previously Italy’s Ansaldo STS) has successfully tested a battery-powered Sirio light rail vehicle in revenue service. It is the Japanese company’s first venture into battery LRVs.
Alstom says it will “take into account the consequences” of the operating and financial developments at Bombardier Transportation in forthcoming takeover discussions after the company reported an adjusted Ebit loss of $383 million in the second quarter of 2020.
European Union (EU) antitrust regulators have set a deadline of July 16 for a decision on whether to approve Alstom’s bid for Bombardier Transportation.
Siemens Mobility reported resilient performance in the second quarter of fiscal 2020 in spite of the coronavirus pandemic, joint CEOs, Sabrina Soussan and Michael Peter, revealed in an online press briefing held June 15.
The German subsidiary of Railroad Development Corporation (RDC) has announced the launch of a new, twice-weekly international overnight train service between northern Germany, Bavaria and Austria.
Progress Rail has sold its Progress Rail Equipment Leasing (PRELC) subsidiary to affiliates of Paceline Equity Partners, a Dallas-based private equity manager.