Deal News

ATASU, Skinest Rail buy next batch of wagons from Operail

Kazakhstan-based ATASU Group and Estonia's Skinest Rail have acquired the next batch of 807 rental wagons from Operail Leasing for…

DB mulls reviving plans to divest Arriva transport business

German national rail operator Deutsche Bahn (DB) is looking to revive a sale of Arriva, its subsidiary for regional passenger…

Nurminen Logistics to buy Operail’s Finnish rail freight operations

Estonian state-run logistics company Operail has agreed to offload its Finnish freight transport services to Nurminen Logistics for €27.7m. A…

Patriot Rail closes Delta Southern Railroad purchase in US

US-based Patriot Rail Company has concluded the acquisition of Delta Southern Railroad (DSRR) after securing regulatory clearance. The deal, whose financial…

Indonesia’s KAI secures $205m infusion for high-speed rail project

The Government of Indonesia has invested IDR3.2tn ($205.3m) into state-owned rail operator PT KAI to develop a 142km high-speed railway…

Magnetic to acquire Aurizon’s East Coast Rail unit for $287m

Magnetic Rail Group has reached a binding deal worth around $287m (A$425m) with Australian freight rail transport company Aurizon for…

India to offload up to 5% stake in IRCTC at a discount

The Indian Government has announced an offer for sale (OFS) for up to a 5% stake in Indian Railway Catering…

UK flags competition concerns over Hitachi and Thales signal unit merger

The UK’s Competition and Markets Authority (CMA) has expressed concern that Hitachi Rail’s proposed acquisition of Thales’ rail infrastructure business…

Sdiptech takes over Italian rail tech firm Mecno Service

Sweden-based technology group Sdiptech has purchased all shares of Italian company Mecno Service for an undisclosed sum. Based in Venice,…

HyperloopTT to go public through $600m SPAC deal

Hyperloop Transportation Technologies (HyperloopTT) is set to become a publicly listed company through a definitive merger agreement with publicly traded…