CAF secures train maintenance contracts in Spain and Saudi Arabia
CAF has secured four train maintenance contracts in Spain and Saudi Arabia with a combined value of more than €240m.
European Commission rejects Siemens-Alstom merger
The European Commission (EC) has blocked the proposed merger of Siemens and Alstom mobility businesses preventing the creation of a European rail business leader.
3i Infrastructure to divest Cross London Trains stake
Investment firm 3i Infrastructure has agreed to divest its 33.3% stake in Cross London Trains (XLT) to a consortium of Dalmore and Equitix funds for £333m.
Perpetuum secures track monitoring services contract from SAR
Perpetuum has secured a contract from the Saudi Railway Company (SAR) to offer track condition information services for the 1250km-long rail line from Riyadh to Qurrayat.