Greenbrier Companies has acquired a 19.5% stake in Bazil-based castings and components manufacturer Amsted-Maxion Cruzeiro.
This provides Greenbrier Companies a 35% direct and indirect ownership in the outstanding equity of Greenbrier-Maxion, which is co-owned by thw two companies.
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The purchase consideration for the transaction was $10m.
Loram, Maintenance of Way has acquired UK-based rolling engineering and operating company RVEL for an undisclosed amount.
This move is an attempt by Loram to improve its presence in the UK and European markets.
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Based in Minnesota in the US, Lorem will shortly start operating trains under its own brand in Derby in the UK.
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