Alstom has concluded the €54m acquisition of an additional 8% stake in Transmashholding (TMH) from Russian Railways (RZD).
The deal increases Alstom’s total share in TMH to 33% and will see the company retain two seats on TMH’s board of directors.
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According to Alstom, the transaction will strengthen collaboration between the two companies as they expand their business beyond the production of rolling stock into turnkey rail projects, infrastructure and signalling, and the export of products and components.
Both firms have been partners for six years and are working on a project for the delivery of 400 passenger and freight locomotives to Russian Railways.
Claimed to be the largest railway engineering company in CIS in terms of sales volume, TMH manufactures mainline and urban trains, marine and stationary diesel engines and casting, as well as provides rolling stock repairs.
Alstom initially acquired a 25% stake in TMH in March 2010.
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By GlobalDataLast August, a new low-floor tramway was launched in Moscow, Russia, by TramRus, a joint venture between rail manufacturers Alstom and TMH.
Developed on the basis of the Citadis platform, the tramway runs at speeds of up to 75km/h and operates on tram service 17 connecting Medvedkovo with VDNKh metro station in Moscow.
The tramway has been designed by applying modern engineering solutions such as new low-floor bogies and modular design, which reduces maintenance and repair costs, as well as energy consumption by more than 10%.
Image: Alstom’s stake in Transmashholding increases from 25% to 33%. Photo: courtesy of Alstom.
