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6/9/2020
RR Mergers & Acquisitions announced the sale of OWS Rail Car Inc. and OWSA Rail Car Inc. to Diesel Electric Services, a division of Milman Industries Inc. OWS provides general purpose and high-pressure tank car repairs and qualifications, while OWSA provides mobile rail-car repair services. The acquisition expands Milman's services to U.S. and Canadian railroads, Milman officials said in a press release.
VTG Rail Logistics GmbH has acquired a majority stake in Carbo Rail, a Slovakian railway company. Carbo Rail’s operating licenses, 25 locomotives and 150 employees will be integrated into VTG’s Retrack railway company. Carbo Rail will operate under the name Retrack Slovakia. “Its operating licenses for Slovakia, the Czech Republic and Hungary make Carbo Rail a sensible complement to our Retrack network that sustainably reinforces our presence in Central and Eastern Europe,” said Gunther Ferk, head of VTG Rail Logistics Europe, in a press release.
HUBER+SUHNER has been named the preferred cable partner for Bombardier Transportation as part of a five-year agreement. Under the contract, HUBER+SUHNER will continue to provide power, control and communication cables to Bombardier’s existing rolling stock and future platforms worldwide.
Masabi and Littlepay formed a partnership to deliver an end-to-end contactless EMV system that can be deployed across all modes of public transport. EMV is a payment method that stands for Europay, Mastercard and Visa. Under the partnership, Masabi will combine its Justride Validator with Littlepay’s transit-specialist payment gateway to create its cEMV in a Box solution.