In the railway supply industry, Veslatec made a significant move by acquiring Nordlift, a lifting technology manufacturer. This acquisition marks a shift in Nordlift’s operations, as their CEO, Matti Ranttila, will remain as a minority stakeholder and adviser for two years. Veslatec aims to enhance Nordlift’s international competitiveness by consolidating its production within their factories. The synergies between the companies lie in Nordlift’s expertise in designing, assembling, and testing lifting equipment, complemented by Veslatec’s specialization in laser machining and further processing.
Meanwhile, in France, Modula precast modular platforms, a collaboration between Urbamat Environnement and Hering International, have received approval for deployment. The first installation of these platforms occurred at Verneuil-l’Etang station, signifying their suitability for French rail usage.
In an executive appointment, Andrea Bertallot has taken the helm as the Chair of the management board at DB Engineering & Consulting GmbH. Reporting to Niko Warbanoff, CEO of the DB ECO Group, Bertallot’s leadership will steer the company’s strategic direction.
Furthermore, the 103rd UIC General Assembly welcomed new members into its fold. Notably, Tshwane University of Technology from South Africa joined as an affiliate member, while Kenya Railways and the National Infrastructure Agency of Colombia became associate and affiliate members, respectively. Additionally, the UK’s Global Centre of Rail Excellence was admitted as an affiliate member, expanding the UIC’s global reach.
TE Connectivity concluded the acquisition of Schaffner Holding, a Swiss electrical equipment manufacturer, in a move that aligns with their strategic growth plans.
Partnerships were also forged to advance rail transport. The European Cyclists Federation and UIC signed a memorandum of understanding, aiming to promote integrated, sustainable, and active transport solutions. Moreover, Eurail and Interrail pass holders now have the convenience of making seat reservations through Rail Europeʼs website, easing their journey planning and reducing station queues.
In a significant financing initiative, Watson Farley & Williams advised RIVE Private Investment on a €300m financing arrangement for locomotives managed by Northrail. This financing covers Alstom Traxx, Siemens Mobility Vectron, and Vossloh Rolling Stock Modula EBB locomotives.
Lastly, the UIC Regional Assembly Europe appointed Luigi Ferraris, CEO of FS Group, as the Chairman for 2024-25, succeeding Martin Frobisher of Network Rail in this role.