FlixTrain buys Talgo high-speed trains for $2.72bn
The agreement includes an initial firm order for 30 units for €1.06bn ($1.20bn). The contract also includes a 15-year maintenance plan for the entire fleet.
The selection of Talgo followed a competitive bidding process.
A collaborative task force from both Talgo and FlixTrain companies conducted preliminary work over several months to establish the final specifications for the project.
CEO and co-founder of Flix, FlixTrain's parent company, André Schwämmlein said: 'We are pursuing a long-term strategy with FlixTrain and we will significantly expand our services in the coming years.
'With the tremendous expansion of our train fleet we will start a new era of train travel in Germany and Europe.'
The new trains are intended for operation across western European countries, including Germany, Austria, the Netherlands, Denmark, and Sweden.
The Talgo 230 push-pull trains are lightweight trainsets that can be equipped with natural tilting and automatic gauge-changing systems.
All the trainsets will be supplied without locomotives. FlixTrain will lease Siemens Mobility Vectron locomotives to pull the Talgo 230 carriages.
The trains will feature advanced digital systems.
Talgo stated that it has developed a range of technologies that can enhance the maintenance of the FlixTrain fleet, including thousands of live sensors that transmit data to the cloud and enable the remote monitoring of each train carriage.
Using AI models, Talgo's remote-operated service desk is expected to reduce turnaround times at depots.
Talgo president Carlos Palacio said: 'Talgo 230 is the best solution to improve passenger mobility across Europe in the intercity rail passenger market and we are delighted that our company is contributing with this new product iteration to the common goal of shifting traffic from the road and air modes and to a fair and rapid energy transition.
No date was given for the expected delivery of the units.
In April 2024, Talgo delivered the first of its Avril "very high speed" trains to Spain's national rail provider Renfe.
"FlixTrain buys Talgo high-speed trains for $2.72bn" was originally created and published by Railway Technology, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNBC
21 minutes ago
- CNBC
CEEV: 15% tariff will drastically reduce EU wine and spirit makers' turnover
Ignacio Sánchez Recarte, secretary general at the European Committee of Wine Companies (CEEV), discusses the impact of a 15% tariff rate on European spirits and wine makers.
42 minutes ago
European and Iranian diplomats meet in Istanbul as return of sanctions looms over nuclear deadlock
ISTANBUL -- Talks between Iranian and European diplomats in Istanbul ended Friday with the sides agreeing to meet again to seek to unpick the deadlock over Tehran's nuclear program. Representatives from Britain, France and Germany, known as the E3 nations, gathered at the Iranian Consulate building for the first talks since Iran's 12-day war with Israel in June, which involved U.S. bombers striking nuclear-related facilities. The talks, which ended after four hours, centered on the possibility of reimposing sanctions on Iran that were lifted in 2015 in exchange for Iran accepting restrictions and monitoring of its nuclear program. Iranian negotiator, Deputy Foreign Minister Kazem Gharibabadi, said that the 'serious, frank and detailed' meeting focused on the nuclear issue and the status of sanctions while agreeing to further discussions. The E3 nations had earlier warned that sanctions could return under a process known as the 'snapback' mechanism, which allows one of the Western parties to reimpose U.N. sanctions if Tehran doesn't comply with its requirements. 'Both sides came to the meeting with specific ideas,' Gharibabadi said in a social media post. 'It was agreed that consultations on this matter will continue.' As the talks were ongoing, Iran's Foreign Ministry spokesman, Esmail Baghaei, said that he hoped that the meeting would see the E3 nations reassess their 'previous unconstructive attitude.' European leaders have said sanctions will resume by the end of August, if there is no progress on containing Iran's nuclear program. The snapback mechanism 'remains on the table," a European diplomat said on condition of anonymity because of the sensitivity of the talks, 'A possible delay in triggering snapback has been floated to the Iranians on the condition that there is credible diplomatic engagement by Iran, that they resume full cooperation with the IAEA (International Atomic Energy Agency), and that they address concerns about their highly-enriched uranium stockpile,' the diplomat said prior to Friday's negotiations. Tehran, meanwhile, has said that Washington, which withdrew from the 2015 deal during the first term of U.S. President Donald Trump, needs to rebuild faith in its role in negotiations. Gharibabadi previously said that Iran's engagement was dependent on 'several key principles' that included 'rebuilding Iran's trust — as Iran has absolutely no trust in the United States.' In a social media post on Thursday, he also said that the talks shouldn't be used 'as a platform for hidden agendas such as military action.' Gharibabadi insisted that Iran's right to enrich uranium 'in line with its legitimate needs' be respected, and sanctions removed. Iran has repeatedly threatened to leave the Nuclear Nonproliferation Treaty, which commits it to refrain from developing nuclear weapons, if sanctions return. Friday's talks were held at the deputy ministerial level, with Iran sending Gharibabadi and a fellow deputy foreign minister, Majid Takht-e Ravanchi. A similar meeting was held in Istanbul in May. The identity of the E3 representatives weren't immediately clear, but the European Union's deputy foreign policy commissioner was thought to be attending. The U.K., France and Germany were signatories to the 2015 deal, alongside the U.S., Russia and China. When Washington withdrew in 2018, Trump insisted the agreement wasn't tough enough. Under the original deal, neither Russia nor China can veto reimposed sanctions. Since the Israeli and U.S. strikes on Iran, which saw American B-52 bombers hit three nuclear sites, Iranian Foreign Minister Abbas Araghchi has accused the E3 of hypocrisy, saying that they failed to uphold their obligations while supporting Israel's attacks. Against the backdrop of the conflict, in which Iran responded with missile attacks on Israel and a strike on a U.S. base in Qatar, the road ahead remains uncertain. While European officials have said they want to avoid further conflict and are open to a negotiated solution, they have warned that time is running out. Tehran maintains that it's open to diplomacy, though it recently suspended cooperation with the IAEA. A central concern for Western powers was highlighted when the IAEA reported in May that Iran's stockpile of uranium enriched to 60% — just below weapons-grade level — had grown to more than 400 kilograms (nearly 900 pounds). In an interview with Al Jazeera that aired Wednesday, Iranian President Masoud Pezeshkian said that Iran is prepared for another war and reiterated that its nuclear program will continue within the framework of international law, while adding that the country had no intention of pursuing nuclear weapons. IAEA Director-General Rafael Mariano Grossi, meanwhile, said that no date had been set yet to restart inspections of Iran's nuclear facilities. Speaking during a visit to Singapore on Friday, he warned that if inspectors 'do not return soon, there will be a serious problem, because this is an international obligation of Iran.' While he was 'encouraged' by Tehran's readiness to engage with the IAEA, Grossi said that the sides needed 'to move from words to the reality.' Stephanie Liechtenstein reported from Vienna. Nasser Karimi and Amir Vahdat contributed to this report from Tehran, Iran.
Yahoo
an hour ago
- Yahoo
European Penny Stocks Under €400M Market Cap To Watch
The European market has shown resilience, with the pan-European STOXX Europe 600 Index rising 0.54%, buoyed by optimism surrounding a potential EU-U.S. trade deal and steady interest rates from the European Central Bank. For investors interested in smaller or newer companies, penny stocks remain an intriguing area of exploration despite their somewhat outdated label. When backed by robust financials, these stocks can offer unique growth opportunities that larger firms may not provide, making them worth a closer look for those seeking under-the-radar investments with potential long-term benefits. Top 10 Penny Stocks In Europe Name Share Price Market Cap Financial Health Rating Lucisano Media Group (BIT:LMG) €0.97 €14.41M ★★★★☆☆ Maps (BIT:MAPS) €3.43 €45.56M ★★★★★★ Angler Gaming (NGM:ANGL) SEK3.60 SEK269.95M ★★★★★★ Angler Gaming (DB:0QM) €0.37 €305.94M ★★★★★★ Cellularline (BIT:CELL) €2.89 €60.95M ★★★★★☆ Fondia Oyj (HLSE:FONDIA) €5.00 €18.7M ★★★★★★ Abak (WSE:ABK) PLN4.60 PLN12.4M ★★★★★★ Bredband2 i Skandinavien (OM:BRE2) SEK3.255 SEK3.12B ★★★★☆☆ Deceuninck (ENXTBR:DECB) €2.175 €300.29M ★★★★★★ Netgem (ENXTPA:ALNTG) €0.972 €32.78M ★★★★★★ Click here to see the full list of 336 stocks from our European Penny Stocks screener. Let's take a closer look at a couple of our picks from the screened companies. DigiTouch Simply Wall St Financial Health Rating: ★★★★★★ Overview: DigiTouch S.p.A. offers digital marketing and transformation services in Italy, with a market cap of €28.47 million. Operations: The company generates revenue through three main segments: Marketing Services (€11.49 million), E-Commerce Services (€3.24 million), and Technology Services (€24.13 million). Market Cap: €28.47M DigiTouch S.p.A., with a market cap of €28.47 million, shows a solid financial structure for a penny stock, as its interest payments are well covered by EBIT and its debt is adequately supported by operating cash flow. The company's short-term assets exceed both its long-term and short-term liabilities, indicating strong liquidity. Despite negative earnings growth last year, DigiTouch has achieved significant profit growth over the past five years and is forecasted to continue growing profits at 22.59% annually. However, challenges include low return on equity and an inexperienced board of directors with an average tenure of 2.7 years. Navigate through the intricacies of DigiTouch with our comprehensive balance sheet health report here. Assess DigiTouch's future earnings estimates with our detailed growth reports. Raisio Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Raisio plc, with a market cap of €397.78 million, produces and sells food and food ingredients in Finland, the United Kingdom, Ireland, Belgium, and the Netherlands. Operations: The company's revenue is primarily derived from its Healthy Food segment, generating €155.8 million, and its Healthy Ingredients segment, which contributes €110.8 million. Market Cap: €397.78M Raisio plc, with a market cap of €397.78 million, presents a mixed investment case among penny stocks. The company's financial health is robust, as its operating cash flow significantly covers its debt and it holds more cash than total debt. Raisio's short-term assets comfortably exceed both short and long-term liabilities, highlighting strong liquidity. However, while the company has high-quality earnings and stable profit margins, its return on equity remains low at 7%. Recent management changes aim to bolster growth in key segments despite earnings growing slower than the industry last year. The stock trades below estimated fair value by 24%. Click here and access our complete financial health analysis report to understand the dynamics of Raisio. Gain insights into Raisio's outlook and expected performance with our report on the company's earnings estimates. Oyj Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Oyj is an online retailer operating in Finland with a market capitalization of €162.19 million. Operations: The company generates revenue of €481.35 million from its online retail operations. Market Cap: €162.19M Oyj, with a market cap of €162.19 million, offers a nuanced investment profile within the penny stock sphere. The company has recently turned profitable, reporting net income for the second quarter and six months ending June 2025. Despite high volatility in its share price over the past three months, maintains strong financial health with short-term assets exceeding both short and long-term liabilities. While its debt levels have increased over five years, interest payments are well covered by EBIT and operating cash flow. However, significant insider selling has occurred recently despite shares trading below estimated fair value by 27.2%. Unlock comprehensive insights into our analysis of Oyj stock in this financial health report. Review our growth performance report to gain insights into Oyj's future. Make It Happen Discover the full array of 336 European Penny Stocks right here. Seeking Other Investments? The end of cancer? These 25 emerging AI stocks are developing tech that will allow early idenification of life changing disesaes like cancer and Alzheimer's. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include BIT:DGT HLSE:RAIVV and HLSE:VERK. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
