Deals this week: Siemens Mobility, GE Transportation, Virgin Group

23 November 2018 (Last Updated November 23rd, 2018 09:19)

Siemens Mobility has secured a £1.5bn ($1.91bn) contract from London Underground, a subsidiary of Transport for London (TfL), for the design and manufacturing of 94 Tube trains.

Siemens Mobility has secured a £1.5bn ($1.91bn) contract from London Underground, a subsidiary of Transport for London (TfL), for the design and manufacturing of 94 Tube trains.

The trains will operate on the Piccadilly, Bakerloo, Central and Waterloo & City Deep Tube lines in London.

Siemens Mobility is expected to deliver the Inspiro London trains from 2023. The trains will be initially tested on the Piccadilly tube line.

The train sets scheduled for service entry in 2024 will also increase the service frequency from 24 to 27 trains an hour by 2026.

GE Transportation has been awarded a contract by Moldovan Railways (CFM) for the delivery of 12 Evolution Series locomotives and associated support services.

The deal marks the first locomotive contract in Moldova and is expected to modernise the existing train fleet.

GE Transportation will be responsible for the supply of TE33AC locomotive and spare parts.

Designed to operate in different conditions in the CIS region, the trains will minimise fuel consumption and enhance the operational efficiency and reliability.

The locomotives production will commence in the US in 2019, while deliveries are expected to start in 2020.

"The renaming of Brightline to Virgin Trains USA is expected to be completed this month8."

Virgin Group has agreed to partner with US intercity passenger railroad Brightline for the marketing of Brightline trains under Virgin’s brand name.

A strategic partnership and trademark licensing agreement has been signed by both parties.

The renaming of Brightline to Virgin Trains USA is expected to be completed this month.

Virgin Group’s associated company will invest in Brightline, as per the terms of the agreement.

Tata Consultancy Services, an IT and consulting services provider based in India, in collaboration with SAP, intends to develop SAP Leonardo-powered Intelligent Rail Digital Maintenance (iRDM) solution.

The TCS iRDM solution will assist rail customers in transforming their businesses through digitalisation. It will utilise technology such as advanced analytics, big data, machine learning and the internet of things (IoT).

The advanced solution can also be used to perform safety inspections using drones and monitor assets to offer timely maintenance services in order to avoid component failures.

The implementation of the solution will reduce unplanned outages and capital investments, as well as improve efficiency and safety features.