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November 2, 2018

Deals and M&As this week: ŠkodaTranstech, Efacec, MMRC

Schöneicher-Rüdersdorfer Strassenbahn (SRS) has selected Finnish firm ŠkodaTranstech to deliver two ForCity Smart Artic pre-series trams.

Schöneicher-Rüdersdorfer Strassenbahn (SRS) has selected Finnish firm ŠkodaTranstech to deliver two ForCity Smart Artic pre-series trams.

The deal involves Helsinki City Transport (HKL) and was finalised after a trial period of two months.

HKL and ŠkodaTranstech collaborated to design the train based on the idea conceptualised by HKL.

Škoda Transtech delivered two pre-series ForCity Smart Artic trams to HKL for testing in 2013. More than 70 trams have been supplied to HKL to date.

Efacec has been awarded a €5m ($5.66m) contract by Sweden-based rail and road infrastructure manager Trafikverket, for the development of advanced automatic level-crossing protection systems.

The five-year deal includes the option for renewal for up to 30 years.

The contract includes the supply of customised XSafe solutions to serve Trafikverket requirements.

“The contract includes the supply of customised XSafe solutions to serve Trafikverket requirements.”

Efacec intends to strengthen its footprint in Scandinavia.

Johnson Lifts Pvt Ltd India & M/s SJEC Corporation China Consortium has secured an escalator contract from India-based Mumbai Metro Rail Corporation (MMRC).

The consortium will work on the design, supply, testing and installation of 205 escalators at 14 stations on the Metro Line 3 (MML-3).

The heavy-duty escalators will feature advanced technologies such as voltage variable frequency (VVVF) and radio frequency identification (RFID) systems.

The Metro Line 3 (MML-3) connects Colaba with Seepz through Bandra. The project has received Rs132.35bn ($1.8bn) funding from Japan International Cooperation Agency (JICA).

Hitachi has agreed to acquire a 31.7% stake in Ansaldo from Elliott International in a transaction worth €808m ($915.51m).

Based in Italy, Ansaldo specialises in rail signalling solutions.

Elliott will receive €12.7 ($14.38) per Ansaldo share from Hitachi.

Hitachi Rail Italy Investments currently holds a 51% stake in Ansaldo, while the latest deal brings its overall stake in Ansaldo to 82.5%.

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