Latest Deals

Union Pacific has signed an agreement to acquire Norfolk Southern in a stock and cash transaction at an enterprise value of $85bn, which will result in a combined enterprise worth over $250bn. The move will create the first modern transcontinental railroad in the US, connecting over 50,000 route miles (80,467km) across 43 states and linking approximately 100 ports. The two companies recently confirmed discussions regarding the merger, while insisting that no guarantees could be made about the finalisation of any agreement.

FlixTrain has arranged to buy Talgo high-speed trains worth €2.4bn ($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.

GATX has entered a definitive agreement to purchase around 105,000 railcars from Wells Fargo for $4.4bn via its newly-established joint venture (JV) with Brookfield Infrastructure Partners. The initial equity ownership of the JV is divided between GATX, which holds 30%, and Brookfield Infrastructure, which holds 70%. GATX’s portfolio includes tank and freight railcars and tank containers.

Keolis has signed an agreement to acquire Downer’s complete stake in the Keolis Downer joint venture in Australia. The transaction is subject to customary conditions precedent and regulatory approvals and is expected to be completed by the end of 2025. Keolis is already the majority shareholder in the joint venture and the acquisition will make the company the sole owner of its operations in Australia.