GE Ties Up with EuroMaint Rail – Analyst Blog
Source: http://www.zacks.com/stock/news/23925/GE+Ties+Up+with+EuroMaint+Rail+-+Analyst+BlogPosted on Monday, August 24th, 2009 | In Market Commentary, Stocks to Watch
GE Transportation, an operational unit of General Electric Co. (GE) and EuroMaint Rail recently announced a partnership on rolling stock services and technology for the railway industry that will provide consumers with an expanded range of services.
EuroMaint Rail, with headquarters in Stockholm (Sweden), has more than 100 years of experience in providing maintenance for all types of rolling stock. It is an independent service provider to the rail industry, supplying whole-life services for rolling stock, including infrastructure work machines, component overhaul and logistics solutions.
EuroMaint brings its rolling stock maintenance network, component servicing expertise, spare parts logistics and experience in developing reliable maintenance solutions into the collaboration. Combining GE’s locomotive and service technology expertise with EuroMaint Rail’s rolling stock experience enables the two companies to offer customers the first pan-European service offering for all rolling stock types.
The alliance also will provide a strong regional service network for GE’s new European PowerHaul Locomotive. The PowerHaul Locomotive is projected to cut fuel use by up to 9% compared to current operating fleet averages.
GE Transportation is a global technology leader and supplier to the railroad, marine, drilling, mining and wind power industries. Parent body GE’s major competitors include Philips (PHG) and Siemens (SI). We currently have a Neutral recommendation on GE.
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