TOMORROWS TRANSPORTATION NEWS TODAY!

Tag: acquisition (Page 3 of 5)

Rheinland Air Service Appointed First German Dealer for Bell 505

Bell Textron Inc., a Textron Inc. (NYSE: TXT) company, appointed Rheinland Air Service GmbH (RAS) the first German dealer for the Bell 505. Approaching 50 years of business aviation experience, RAS is a proven provider of expert aviation sales and service.

Located in Mönchengladbach, RAS will be home to the first ever Bell 505 dealership.  It was established in 1972 and employs 280 staff in four locations in Germany.

The Bell 505 is ideal for private charters, corporate executives, medical evacuations, utilities, public safety, pilot training, and more. The light single-engine helicopter offers a rare combination of rugged high performance, superior fuel efficiency, and a low cost of acquisition and operation. With the only dual-channel FADEC engine in its class, the helicopter has plenty of power at high altitudes. Additionally, the high-tech G1000H all glass flight deck and panoramic windows provide great visibility, full situational awareness, and safety.

DCIM\100MEDIA

Embraer & EDP Announce Joint Effort in Electric Aircraft Research

Embraer and EDP, a company that operates in all segments of the Brazilian energy sector, have signed a partnership for electric aircraft research. Through its EDP Smart division, the Portuguese-based multinational announced a financial contribution for the acquisition of energy storage and battery charging technologies for Embraer’s all-electric demonstrator aircraft project, utilizing the EMB-203 Ipanema as its test bed. The prototype, which is already in development, is scheduled to complete its inaugural flight in 2021.

The investment is part of the cooperation agreement signed by both companies to advance their shared knowledge of energy storage and battery charging technologies for aviation – one of the main challenges of the project. The partnership aims to investigate the applicability of high voltage batteries for the electric propulsion systems of small aircraft, in addition to evaluating the main operating characteristics, such as weight, efficiency and power quality, thermal control and management, cycling loading and unloading, and operational safety.

EDP Headquarters in Portugal

Technological Cooperation

This proposal for the technological development of aeronautical electrification was initially created as a cooperation between Embraer and WEG, in May 2019. The project was developed as an effective and efficient instrument for training and for the maturation of technologies prior to their application in future products.

The scope of the partnership with EDP is to develop shared research in the storage of high voltage energy, complementing Embraer’s ongoing research. These research and development initiatives seek to accelerate the combined knowledge of the technologies necessary for the use and integration of batteries and electric motors in order to increase the energy efficiency of the propulsion systems of aircraft.

For the evaluations, a small single-engine aircraft is being used as the test bed to perform a primary assessment of electrification technologies. Ground tests have taken place at Embraer’s facilities in Botucatu, in the interior of São Paulo, in preparation for the first flight, which will take place at Embraer’s Gavião Peixoto unit.

Electrification is just one project in a series of initiatives being developed by Embraer and the entire aeronautical industry aimed at ensuring a commitment to environmental sustainability, as already exemplified by biofuel developments to reduce carbon emissions.

EDP has a global commitment to electrify 100% of its fleet by 2030, as well as to develop new offers and commercial solutions that promote the energy transition. Last year, during Aneel’s Public Call on the topic of Efficient Electric Mobility, the Company approved an investment of about R$ 50 million in projects, via a Research and Development Fund consisting of both corporate and partner resources.

Hungary Signs Contract For Two Multi-Mission KC-390 Millennium Airlifters

Budapest, Hungary, November 17th, 2020 – The Hungarian Government and Embraer signed today a contract for the acquisition of two new generation multi-mission transport aircraft Embraer C-390 Millennium, in its air-to-air refueling (AAR) configuration, designated KC-390. Additionally, pilots and technicians training as well as other services and support are included in the contract as part of the process to strengthen the Hungarian Defence Forces capabilities specifically on the tactical airlift, AAR and medical evacuation roles as well as in other missions of public interest. Deliveries are scheduled to start in 2023.

“Following the procurement of personnel air transport capabilities in 2018, we will see the arrival of KC-390 aircraft to Hungary in 2023-24, able to deliver large military loads in an operational environment, as well as providing air-to-air refueling services. We are acquiring a multi-role transport fleet for the Hungarian Defence Forces to fulfill the widest possible range of tasks within the national framework, in a sovereign way,” said Gáspár Maróth, government commissioner responsible for defence development.

“We are honored for being selected by the Hungarian Government and the Hungarian Defense Forces to provide the most advanced multi-mission transport aircraft available in the market,” said Jackson Schneider, President and CEO of Embraer Defense & Security. “Hungary is the second European nation and NATO operator to select the C-390 Millennium, a highly capable aircraft that offers excellent productivity through unrivalled combination of speed, payload and rapid reconfigurability for multi-mission operations.”

The KC-390 for the Hungarian Defence Forces will be the first in the world with the Intensive Care Unit in its configuration, an essential feature to perform humanitarian missions. The aircraft fully meets the requirements of the Hungarian Defense Forces, being able to perform different types of military and civilian missions including Humanitarian Support, Medical Evacuation, Search and Rescue, Cargo and Troops Transport, Precision Cargo Drop, Paratroopers Operations and AAR. These KC-390 are fully NATO compatible, not only in terms of its hardware but also in its avionics and communications configuration. Furthermore, the KC-390 probe and drogue refueling system means the aircraft can refuel the Hungarian JAS 39 Gripen as well as other aircraft that use the same technology.

The C-390 Millennium is fully operational and, since receiving its first aircraft in 2019, the Brazilian Air Force has deployed the airlift on several critical missions in Brazil and abroad with greater availability. Also, the Portuguese Government signed a contract for the acquisition of five C-390 Millennium in 2019 that are currently in the production line and will be in service in 2023.

The C-390 is a tactical transport jet aircraft designed to set new standards in its category. Some of the strong aspects of the aircraft are increased mobility, rugged design, higher flexibility, state-of-the-art proven technology and easier maintenance. Flying faster and delivering more cargo, both the C-390 Millennium and the KC-390 variant are the right sized platform for major deployment scenarios. Minimized interventions and on condition maintenance combined with highly reliable systems and components support the reduced downtime and costs, contributing to outstanding availability levels and low life cycle costs.

Lockheed Martin to Acquire i3 Hypersonics Portfolio

– Acquisition Reinforces Lockheed Martin’s Commitment to Delivering Exceptional Systems to the Warfighter

Lockheed Martin [NYSE: LMT] today announced the signing of a definitive agreement to acquire a portion of Integration Innovation Inc. (i3), a software and systems engineering company based in Huntsville, Alabama. The portfolio alignment between i3 and Lockheed Martin provides the opportunity to design and deliver hypersonic-specific technology solutions that benefit the warfighter.

“Our customers require the most forward-thinking, advanced technology that anticipates and addresses their national security requirements. This business combination not only reinforces our commitment to their missions, but also expands our portfolio in a strategic way,” said Eric Scherff, vice president of Hypersonic Strike Programs at Lockheed Martin. “Combining i3’s talent and domain expertise with our shared vision for hypersonic strike will expand how we think about and deliver this critical capability to the warfighter across domains.”

i3’s hypersonic strike and defense business set offers strategic solutions to U.S. Government and commercial customers. Adding i3’s talent and expertise to the Lockheed Martin portfolio will expand capabilities for customers across several mission areas and national security needs, while also allowing for more integrated solutions.

“We’re proud to be a part of the Lockheed Martin family, as they are a technology authority and employ some of the best and brightest in the industry,” said Mike Wicks, CEO at i3. “We have invested much time and energy into developing strategic solutions at i3. And, we’re finding the need to synergize these offerings with Lockheed Martin is more timely than ever and unlocks the value to our joint customers.”

Subject to the satisfaction of customary closing conditions, the transaction is expected to close in approximately 30 days. Upon closing, i3’s Hypersonics portfolio will be managed by the corporation’s Space business area.

European Commission Clears Alstom’s acquisition of Bombardier Transportation

Alstom and Bombardier welcome the European Commission’s (EC) decision for conditional clearance of the proposed acquisition of Bombardier Transportation by Alstom.

The Commission’s approval for the transaction is conditional on the proposed engagements that consist of:

  • A transfer of Bombardier Transportation’s contribution to the V300 ZEFIRO very high-speed train and an offer of IP licence to Hitachi for the train co-developed by Hitachi and Bombardier Transportation for use in future very high-speed tenders in the UK
  • The divestment of the Alstom Coradia Polyvalent and the Reichshoffen production site in France
  • The divestment of the Bombardier TALENT 3 platform and dedicated production facilities located within the Hennigsdorf site in Germany
  • Providing access to certain interfaces and products for some of Bombardier Transportation’s Signalling On-Board Units and Train Control Management Systems (TCMS)

The divestitures will comply with all applicable social processes and consultations with employee representatives’ bodies.

The transaction remains subject to further regulatory approvals in several other jurisdictions and customary closing conditions. 

Closing of the acquisition is expected for the first half of 2021.

Rolls-Royce Strengthens Opportunities with Kinolt Acquisition

  • Strenghtens Rolls-Royce’s market position in safety-critical applications with a leader in dynamic uninterruptible power supply
  • Completes Rolls-Royce’s product offering and accelerates the strategy of offering integrated solutions
  • Acquisition expected to deliver cost and revenue synergies, and help support medium-term profitability and create long-term shareholder value

Rolls-Royce is strengthening its business in power supply for safety-critical systems with the completion of the acquisition of Kinolt S.A., a Belgian-based specialist in dynamic uninterruptible power supply. Rolls-Royce is already a leading provider of back-up power generation through its Power Systems business with its product and solutions brand MTU. This market has remained a growth area during the Covid-19 pandemic and is expected to grow in the coming years as customers look to further minimize their risk of disruption.

Uninterruptible power supply systems are used wherever stable electricity is required or a power failure would be extremely harmful, for example within data centres, hospitals or manufacturing facilities which operate sensitive processes. This acquisition is another important step on the strategic journey of Power Systems towards becoming a full-service provider of integrated solutions. Kinolt’s uninterruptible emergency power supply technology is particularly well suited to applications where space is at a premium, such as urban areas or installations in existing buildings and complements Rolls-Royce’s own MTU branded solutions for large scale and greenfield sites. As a result, the deal is expected to result in cost and revenue synergies, medium-term long-term shareholder value in the back-up power generation business.

Andreas Schell, CEO of Rolls-Royce Power Systems, said: “The extraordinary times created by the Covid-19 pandemic have shown just how important it is to secure electricity supply to sensitive and critical infrastructure. The provision of uninterruptible power is vital in any situation and even more so today, as it ensures the provision of vital services such as medical care or the world’s continued flow of internet traffic. Without it, no public authority or company would be able to act in any crisis.”

The demand for uninterruptible power solutions is expected to remain strong in the aftermath of the Covid-19 pandemic. The acquisition of Kinolt will give Rolls-Royce a market-leading solution for businesses and local authorities who experienced issues with supply, or do not wish to run the risk again.

“We originally signed the deal to acquire Kinolt before the full global impact of Covid-19 was apparent,” added Schell. “Since then we have rigorously examined the rationale for the transaction and the opportunities it presents to our business and concluded that the arguments in favour of the acquisition are even stronger than before.”

Power Generation is already the top-selling segment within the Power Systems business. In the future it is expected to be the only manufacturer in the world able to supply customers with all components and consequently a complete uninterrupted power generation system in the power range from 200 to 3,200 kVA. Kinolt’s technology consists of a combination of rotating, kinetic mass storage devices, a diesel engine and a generator that can also be used as an electric motor. MTU engines from Rolls-Royce are often already used within Kinolt’s solutions. The Kinolt system is connected between the external power supply system and safety-critical equipment and supplies the latter with the required electrical power during normal operation. The grid frequency and voltage are generally more stable than the grid of public power suppliers. This is necessary because data servers, computer-controlled systems or sensitive devices such as those in hospitals can fail in the event of voltage and frequency fluctuations. In the case of a power failure, the flywheel mass accumulator ‘bridges’ the first few seconds before the diesel engine takes up the load.

“We will integrate the products and systems of our new subsidiary into our MTU product portfolio,” said Andreas Görtz, Vice President of Power Generation at Rolls-Royce. “Our worldwide sales and service network will open up new market opportunities by offering innovative uninterruptible power solutions. This will significantly strengthen our market position in safety-critical applications.”

Kinolt is based in the town of Grâce-Hollogne in the Belgian province of Liège and was known as Euro-Diesel until mid-2019. The transaction was completed on 1 July 2020 following the approval of antitrust authorities.

Rolls-Royce stärkt sein Angebot an Stromversorgungssystemen für sicherheitskritische Anwendungen mit dem Abschluss der Übernahme von Kinolt S.A., einem in Belgien ansässigen Spezialisten für dynamische unterbrechungsfreie Stromversorgung. Rolls-Royce is strengthening its business in power supply for safety-critical systems with the completion of the acquisition of Kinolt S.A., a Belgian-based specialist in dynamic uninterruptible power supply. Avec l’aboutissement de l’acquisition de Kinolt S.A., un spécialiste de l’alimentation dynamique sans interruption (ASI) établi en Belgique, Rolls-Royce élargit son offre de systèmes d’alimentation électrique dédiés aux applications cruciales en matière de sécurité. Rolls-Royce heeft de overname afgerond van Kinolt S.A., een in België gevestigde specialist voor dynamische onderbrekingsvrije stroomvoorziening. Met deze overname vergroot het zijn aanbod van stroomvoorzieningssystemen voor veiligheidskritische toepassingen.

Alstom to Supply Taipei Integrated Metro Line 7 Extension

The Alstom-led consortium with Taiwanese engineering and contracting services company CTCI reached contractual close on 23 June 2020 for the Phase Two extension of Taipei Metro Line 7. The contract is valued at close to €424 million, with an Alstom share of approximately €248 million. 

Phase One, which was awarded by Systemwide E&M Project Office Department of Rapid Transit Systems of Taipei City Government (SEMPO) in 2018, has been extended to deliver a seamless customer experience on the new metro line, spanning an additional 13.3km with 13 stations as part of Phase Two. When fully completed around late 2028, the 22.8-kilometre medium-capacity metro line, also known as Wanda Zhonghe Shulin Line, will connect Taipei City to New Taipei City more seamlessly. In addition, passengers can look forward to more convenience travelling between the various districts within New Taipei City such as Chong-he, Shu-lin, Tu-chen, Xin-zhuang.  

Under the contract, Alstom will be responsible for the design, supply, manufacturing, testing and commissioning of 16 additional fully automated, four-car Metropolis trains, Urbalis 400 Communication Based Train Control (CBTC) signalling system, Supervisory Control and Data Acquisition (SCADA) system, as well as platform screen doors. The trains will be manufactured in Alstom’s Taubaté factory in Brazil, while the signalling system will be delivered by its Saint-Ouen site in France and Bangalore site in India. Alstom and CTCI will also jointly carry out project management and system integration. CTCI will provide the track work, power supply, depot equipment, Telecommunication and Ticketing systems.  

“Taipei Metro Line 7, which interchanges with five other lines, will be a game changer for the travelling public of Taipei, and Alstom is delighted to continue to be a part of this iconic project. The success of this project extension with SEMPO positions us as a reliable and trusted partner, established for the long term in Taiwan and well beyond our 40 years of active presence,” said Ling Fang, Senior Vice President of Alstom Asia-Pacific.

Alstom’s metros are world-leading, proven, safe and reliable trains that serve many of the world’s great cities, including Amsterdam, Barcelona, London, Paris and Singapore. Alstom has more than 65 years’ experience in the production of metros, having sold over 17,000 metro cars that operate in 55 cities around the world and carry 30 million passengers every day.

In Taiwan, Alstom provides signalling systems to all but one of Taipei’s metro lines and is currently supplying a driverless signalling system for Taichung Green metro line. In 2017, Alstom won its first tramway project in Taiwan, supplying its latest Citadis tram to Kaohsiung tramway line phase two.

Alstom Expands Braking System Expertise With Ibre Acquisition

Alstom is taking a new step forward in the implementation of its AiM (Alstom in Motion) strategic plan in France with the acquisition of Ibre, a company specialised in the development, manufacture and supply of cast iron or steel brake discs for high-speed, intercity, regional and suburban trains, trams and metros. Alstom and Ibre already had a long working relationship on projects for SNCF.

With the acquisition, Alstom will reinforce its internal capabilities regarding railway braking systems, which are essential to the overall dynamic performance of trains.

Ibre employs around 30 people at its Sens site in the region of Bourgogne Franche Comté and had a turnover of approximately €10 million in 2019. It is a company with an international scope, with more than half of its sales in France, of both original equipment and replacements. The rest primarily serves customers in Austria, Australia, Belgium, Scandinavia, England, India and Germany. 

“This acquisition represents very promising development potential for Ibre and its employees and is in line with Alstom’s strategy to extend its know-how,” says Jean-Baptiste Eyméoud, Senior Vice President Alstom France.

Railway brake discs are one of the critical components of the braking system. Alstom’s acquisition of Ibre represents a unique opportunity to extend its offer. Ibre products will be offered as original equipment and as part of maintenance contracts. Following completion of the transaction, which took place on 30 June, the company, renamed “Alstom Ibre”, becomes a wholly owned subsidiary of Alstom.

IBRE is an experienced designer and producer and brake discs & levers

Morocco Orders 24 Boeing AH-64E Apache Helicopters

  • Deliveries are expected to begin in 2024

Morocco is the 17th country to acquire the Boeing AH-64 Apache through a contract for 24 of the helicopters that was recently signed.

Boeing has delivered nearly 2,500 Apache helicopters to 16 nations to date, including the U.S., Netherlands, Greece, United Kingdom, Japan, India, Singapore, South Korea and Saudi Arabia. Deliveries to Morocco are expected to begin in 2024.

“This is another step forward in our long partnership with the Kingdom of Morocco,” said Jeff Shockey, vice president, Global Sales and Marketing, Boeing Defense, Space & Security and Government Services. “Worldwide demand for the Apache is growing and we are proud to provide this best-in-class capability to Morocco.”

The AH-64E Apache is the latest configuration of the attack helicopter. It is designed and equipped with an open systems architecture including the latest communications, navigation, sensor and weapon systems. It has an improved Modernized Target Acquisition Designation System that provides day, night and all-weather target information, as well as night vision navigation capability. In addition to classifying ground and air targets, the Fire Control Radar has been updated to operate in a maritime environment.

Boeing will build and deliver the new Moroccan Apaches under a contract with the U.S. Army through the U.S. government’s Foreign Military Sales process.  

Boeing’s partnership with Morocco spans decades. The company is committed to developing Morocco’s supply chain and future workforce. Boeing is a partner of the MATIS Aerospace joint venture, which produces airplane wire bundles and harnesses. In 2016, the company signed a Memorandum of Understanding with the Kingdom to create an ecosystem of aircraft equipment suppliers. Boeing also supports the country’s future workforce through partnerships with Education for Employment (EFE) Morocco and the INJAZ Al-Maghrib association.

Why Shares of Sabre Corporation Were Up Monday

Boston Mayor Marty Walsh joined travel technology leader Sabre to mark the grand opening of its Boston Innovation Lab, the new headquarters for its research and development team, Sabre Labs. From left to right: Andrew Gasparovic, vice president and chief architect, Sabre Labs; Caroline Wester, director of software engineering, Sabre Labs; Sundar Narasimhan, president of Sabre Labs and product strategy; Sean Menke, president and CEO, Sabre; Larry Kellner, chairman of the board, Sabre.

Shares of Sabre (NASDAQ: SABR) rallied along with airline stocks on Monday on hope that travel patterns might slowly be returning to normal. The airlines were hit hard by the COVID-19 pandemic, and with them companies that rely on air travel like Sabre, but investors are seeing signs that the worst might finally be over. Sabre, a former American Airlines Group subsidiary that runs airline ticketing and reservation systems, has lost two-thirds of its value in 2020 on a decline in airline business and regulatory issues that blocked a planned acquisition.

Click the link below to read the full story!

https://www.fool.com/investing/2020/06/01/why-shares-of-sabre-are-up-today.aspx

« Older posts Newer posts »