Bombardier and Hitachi are pairing up for the Deep Tube Upgrade Programme in terms of rolling stock bid with work split across both factories supposedly.
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Siemens, Bombardier Said in Talks to Combine Train Units
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Bombardier and Hitachi are pairing up for the Deep Tube Upgrade Programme in terms of rolling stock bid with work split across both factories supposedly.
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Lemmy99uk
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Spanish press are reporting a potential CAF - Talgo merger as a result of the Alstom/Siemens tie up:
http://www.expansion.com/empresas/transporte/2017/09/28/59cc0105e5fdea6d768b4602.html
The article is in in Spanish but basically says:
"The recent merger announcement between Alstom and Siemens will have direct effect in Spain where local firms CAF and Talgo, which have up until now been able to compete separately against those two giants, are now not only facing a new rival but also the fact that merger moves are driving the industry nowadays. Once again, the idea to create a Spanish giant is beginning to take shape again. Although no talks have started regarding this potential merger, it is known that both companies are interested in it. CAF, which is the biggest of the two, would benefit a merger with Talgo as it would help it achieve extra support from the Government. While CAF is in the hands of Kutxabank (14%) which has already expressed certain interest in selling, Talgo is under the control of Trilantic (35%). What makes Talgo attractive is the fact that it has recently won a EUR 1.5bn high speed train delivery contract. They are both complementary and while CAF focuses on light trains, Talgo specialises in high speed trains."
http://www.expansion.com/empresas/transporte/2017/09/28/59cc0105e5fdea6d768b4602.html
The article is in in Spanish but basically says:
"The recent merger announcement between Alstom and Siemens will have direct effect in Spain where local firms CAF and Talgo, which have up until now been able to compete separately against those two giants, are now not only facing a new rival but also the fact that merger moves are driving the industry nowadays. Once again, the idea to create a Spanish giant is beginning to take shape again. Although no talks have started regarding this potential merger, it is known that both companies are interested in it. CAF, which is the biggest of the two, would benefit a merger with Talgo as it would help it achieve extra support from the Government. While CAF is in the hands of Kutxabank (14%) which has already expressed certain interest in selling, Talgo is under the control of Trilantic (35%). What makes Talgo attractive is the fact that it has recently won a EUR 1.5bn high speed train delivery contract. They are both complementary and while CAF focuses on light trains, Talgo specialises in high speed trains."
F Great Eastern
Established Member
They certainly are the favourite bidder.
Today's deal on the aviation side should take a lot of pressure off of the business around what to do with BT - some helpful breathing space. It represents a big reduction the parent's debt liabilities and allows more of the BT funds to stay in the business unit.
Ah, the benefit of hindsight. They took rather longer to introduce than they should, due to various problems. Not that we'll know the long-term reliability for some time.
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