GIP and ADIA to acquire controlling stake in rail logistics firm VTG
VTG serves a range of customers across the industrial, logistics and railway undertaking sectors.
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Swiss Life, Vauban buys freight wagon systems provider Wascosa
Wascosa is engaged in the leasing and administration of freight wagons for rail transportation across Europe.
Wabtec takes over Collins Aerospace’s ARINC rail business
The acquired business serves transit, regional, inter-city, commuter, subway, and light rail systems in the US and Canada.
Kinetic-Globalvia consortium to acquire UK’s Go-Ahead Group for $789m
Go-Ahead is an international transport company serving bus and rail markets in the UK, Germany, and other countries.
UK’s FirstGroup dismisses £1.2bn takeover offer
The bus and rail company stated that the offer “significantly undervalues its continuing operations and its future prospects.”
ACCC expresses concerns over Aurizon’s One Rail takeover
Last year in October, Aurizon agreed to acquire One Rail for A$2.35bn ($1.75bn).
Knorr-Bremse partners with Nexxiot to digitise rail business models
Nexxiot has experience upgrading railcars and containers with Internet of Things (IoT) technology.
LIRC takes over Southern Indiana Railway assets in US
SIND rail assets will be used by Louisville and Indiana to improve LIRC’s existing freight service.