Rail supplier news from Alstom, Bourque Logistics and Sixth Street (Feb. 11)

Editor's note: This article has been updated with new information from Bourque Logistics and Sixth Street.

Alstom signed a long-term framework agreement with Deutsche Bahn that calls for Alstom to digitalize the rail network in Germany. This framework agreement has a fixed scope of at least 1890 interlocking units and a contract value of over 600 million euros. There will be several calls between 2025 and 2028, with the first call-off in the first-quarter 2025. The individual projects will be completed and implemented by 2032.

Bourque Logistics, a leader in rail logistics systems, announced it has closed a $100 million financing from global investment firm Sixth Street. The growth financing supports Bourque's recently announced acquisition of AllTranstek, which combines the respective rail fleet logistics and asset management expertise of Bourque and AllTranstek into a comprehensive solution for the rail industry. "Following our acquisition of AllTranstek, our new combined company is poised for a new phase of growth by leveraging its technology to streamline logistics, compliance, and safety processes for railcar shippers, owners, and their maintenance providers," said Steve Bourque, president of Bourque Logistics, in a press release. "Our partnership with Sixth Street provides us with a robust capital financing solution designed to support the execution of our strategy at this important inflection point for our company."