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Germany: The company has reached an agreement to sell its locomotive plant in Kassel to defence group Rheinmetall. Both companies say an agreement in principle has been reached on the key points, but the details are still being negotiated.
RITES, the export arm of national operator Indian Railways, has announced the opening of a branch in South Africa. The move follows a preliminary agreement with the company Volantis to supply 10 mainline diesel locomotives for $35.8 mln.
Belarus: Viktor Rotchenkov, head of the Main Directorate of the State Automobile Inspectorate, spoke on STV television in early September.
Switzerland: Zurich District Court has sentenced a Ukrainian-born hacker, whose identity has not been disclosed, to almost 13 years in prison and expelled him from the country for 10 years.
TMH CEO Kirill Lipa first laid out the details in a speech on the INNOPROM. India business programme, then personally presented the project to Russian President Vladimir Putin and Indian Prime Minister Narendra Modi.
Germany, India: Siemens Mobility and Titagarh Rail Systems (TRSL) have signed a memorandum of understanding to jointly explore metro train supply opportunities in markets outside both companies' home turf.
India: The INNOPROM series of large-scale industrial exhibitions continues to expand its footprint. Having already visited Riyadh, Tashkent and Minsk, one of the sector’s biggest event brands arrives in New Delhi on 9–11 September.
Poland: The Japanese corporation has announced the acquisition of a remaining 51% equity stake via its subsidiary Mitsubishi Electric Europe.
India: The corresponding agreement provides for a 15% share in Jupiter Tatravagonka Railwheel Factory (JTRWF), a subsidiary of the Indian manufacturer.