Knorr-Bremse, the global market leader for braking and other systems for rail and commercial vehicles, has subscribed a capital increase in the Israeli company Rail Vision. Knorr-Bremse has acquired an additional 19.8% of the shares for USD 10 million. As a result, Knorr- Bremse now holds a 36.8% stake in the start-up, which specializes in sensor technology and obstacle detection based on artificial intelligence and deep learning.
Based on the preliminary figures, Vossloh achieved an EBIT of € 24.5 million in the third quarter of 2020 (previous year: adjusted 11.4 million). Overall,EBIT after nine months thus amounts to € 54.5 million with sales of € 617.7 million (previousyear: adjusted € 31.9 million with sales of € 662.1 million) despite noticeable effects of the pandemic. This corresponds to an EBIT margin of 8.8 percent compared to an adjusted 4.8 percent in the previous year. Based on these preliminary figures, the EBITDA margin after nine months is 14.8 percent (previous year: adjusted 10.7 percent). In the first quarter, a carrying amount adjustment of € 15.6 million was recognized in profit and loss resulting from a business combination achieved in stages of a joint venture in China in the Fastening Systems business unit established in the previous year.
This year’s “Clara Jaschke Innovation Prize” goes to Sara Valipour, engineer at the global mobility solution provider Bombardier Transportation in Hennigsdorf, Germany. This was announced today by “Allianz pro Schiene”, a non-profit, independent association for the promotion of environmentally friendly and safe rail transport. Allianz pro Schiene awards the prize every year to successful women in the railway industry who shape the future of mobility with their innovative ideas.
The Link Alliance, including VINCI Construction Grands Projets (lead company) and Soletanche Bachy International, subsidiaries of VINCI Construction, and their partner Downer, plus designers Aecom, WSP-Opus and Tonkin & Taylor – signed on 20 October 2020 the contract for Packages 5 and 7 for the City Rail Link programme in Auckland, New Zealand.
Today (Thursday 22nd October), HS2 Ltd has released a new video highlighting how the additional capacity HS2 will create on Britain’s existing rail network will benefit UK ports and distribution centres that use rail freight for the movement of goods.
The multi-million pound project to extend the lifespan of Sheffield’s Supertram network has concluded, with tram services on the Blue route reintroduced earlier this month, putting the tram system back into full operation.