December 13, 2010

Bombardier unit to buy Russian signaling co.

Bombardier's BT Signaling B.V. signed an agreement to purchase a stake in the signaling equipment manufacturer United Electrical Engineering Plants, known as Elteza, which is a subsidiary of Russian Railways (RZD).

Initially, BT Signaling B.V. will purchase a 25 percent stake in Elteza. Following further approval, BT Signaling B.V. will increase its stake to nearly 50 percent. RZD will remain the majority shareholder.

Elteza is Russia's largest signaling equipment producer with more than 3,000 employees across seven manufacturing sites. The company focuses on the design, development and production of rail signaling equipment and automatic and remote train control systems, which have been delivered in Russia, the Commonwealth of Independent States (CIS) and the Baltic states.

The new partnership will be one of the first successful examples of the privatization of a Russian Railways' subsidiary and part of the modernization strategy of RZD.

Completion of this transaction is subject to the approval of all required governmental authorities and to other consents and other usual conditions. The transaction is expected to be completed during the first quarter of 2011.

deli.cio.us digg it stumble upon newsvine
[ Request More Info about this product / service / company ]


E-NEWSLETTER

Receive the latest Metro E-Newsletters in your inbox!

Join the Metro E-Newsletters and receive the latest news in your e-mail inbox once a week. SIGN UP NOW!

View the latest eNews
Express Tuesday | Express Thursday | University Transit

White Papers

Factors in Transit Bus Ramp Slope and Wheelchair-Seated Passenger Safety Nearly 3 million U.S. adults are wheelchair or scooter users1, and as the population ages this number is expected to rise. Many wheelchair users rely upon public transportation to access work, medical care, school and social activities.

Mass Transit Capital Planning An overview of the world-class best practices for assessing, prioritizing, and funding capital projects to optimize resources and align with the organization’s most critical immediate and long-term goals.

The Benefits of Door-to-Door Service in ADA Complementary Paratransit Many U.S. transit agencies continue to struggle with the quality of ADA service, the costs, and the difficulties encountered in contracting the service, which is the method of choice for a significant majority of agencies. One of the most basic policy decisions an agency must make involves whether to provide door-to-door, or only curb-to-curb service.

More white papers


 
DIGITAL EDITION

The full contents of Metro Magazine on your computer! The digital edition is an exact replica of the print magazine with enhanced search, multimedia and hyperlink features. View the current issue