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Rail News: Railroading Supplier Spotlight
Rail supplier news from The Andersons, Thales and Brookville (Oct. 19)
The Andersons Inc. reached an agreement to acquire 67.5 percent of Lansing Trade Group LLC. for $305 million. In addition to paying $175 million in cash, The Andersons will issue $130 million worth of unregistered shares to current Lansing equity holders. The transaction will result in the consolidation of Thompsons Limited of Ontario and related entities that were jointly owned by Lansing and The Andersons. The acquisition is expected to close before Jan. 31, 2019.
Thales today will introduce the SelTrac™ G7 train control system to the North American market. Developed at the company's Toronto plant, the system incorporates the latest computing technologies and train operation features to improve the passenger experience, according to a Thales press release. The company unveiled the SelTrac G7 technology at the InnoTrans 2018 conference last month in Berlin. The system is designed to ensure "long and extendable design life without the need for disruptive, systemwide re-signaling," Thales officials said.
Brookville Equipment Corp. this week delivered the fifth of six Presidents' Conference Committee (PCC) streetcars for a new streetcar system in El Paso, Texas. The unit is the 50th PCC streetcar that Brookville has restored and delivered since entering the market in 2002, company officials said in a press release. The 4.8-mile El Paso Streetcar system began pre-revenue service earlier this month. Meanwhile, Brookville marked the delivery of its 100th new streetcar. The company delivered the 100th unit to Milwaukee for its streetcar system slated to open Nov. 2.
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