Business
Alstom CEO to step down
Henri Poupart-Lafarge, Chief Executive Officer of Alstom, has announced that he will not to seek a fourth term as CEO at the end of his current term, which expires at the General Meeting called to […]
International
Business
Harting opens technology centre in India to meet growing requirements of Asian market
Harting Technology Group is a leading global provider of industrial connectivity with around 6,000 employees across the world in 42 sales companies, 14 production facilities and seven development sites. The company has now opened a […]
Business
Ticketing specialist Unicard acquires Ecebs from Visa
Unicard, which provides of smart ticketing and payment solutions to transport sector, has announced that is has purchased smart ticketing specialist Ecebs from Visa. The acquisition will allow Unicard to add contactless EMV, which allows […]
Business
Connecticut orders 60 Alstom railroad cars with options for 313 more
The USA’s Connecticut Department of Transportation (CTDOT) has awarded Alstom an order for 60 single-level rail cars valued at approximately US$315 million (approximately £246 million) as part of CTDOT’s coach renewal program for its statewide […]
Europe
UK to provide export finance for Turkish rail project
The UK government’s export credit agency has agreed to underwrite €781 million (£675 million) of financing to support construction of a 286km high-speed electric railway in southern Turkey. REC International, a subsidiary of Rönesans Holding, […]
Business
Harting sells off Systems business to concentrate on connector technology
The Harting Technology Group, which manufactures a range of high-technology connectors for the rail and other industries, has sold its Harting Systems subsidiary to independent investment company TMP Beteiligungsgesellschaft for an undisclosed sum. Harting Systems […]
Business
Škoda Group to supply traction motors for Australia’s new Alstom trams
Alstom’s new tram fleet for Melbourne, Australia, will be powered by traction motors supplied by Škoda Group in a deal worth up to €13 million to the Czech manufacturer. The first tranche of 400 motors […]
Business
British and Australian Ministers visit HS2’s Curzon Street site
Transport Secretary Mark Harper visited the site of HS2’s new Curzon Street station on 17 July, accompanied by Australian Minister for Infrastructure, Transport and Regional Development Catherine King. The two ministers took a walk on […]
Business
Alstom completes takeover of Bombardier Transportation
Alstom has completed its acquisition of Bombardier Transportation that was first announced on 17 February 2020 when the French train and signalling manufacturer revealed that it had signed a Memorandum of Understanding with Bombardier Inc. […]
Business
Bombardier to maintain light rail in Toronto, Canada.
Bombardier Transportation has signed a contract with Mosaic Transit Partners Maintenance GP (MTM) to provide 30 years of maintenance services for the Finch West Light Rail Transit (LRT) project in Toronto, Canada. Under the agreement, […]