Talgo : € 399m/€ 204m services contract signed with Renfe
>A major contract for Talgo - Talgo has signed a 30-year maintenance contract for 15 AVRIL trains (very high speed), with the total value € 399m. It will be executed through a joint venture between Talgo and Renfe, which will have respectively 51% and 49% of the capital. The share for the Madrid-based manufacturer is thus € 204m. In H1, Talgo booked no more than € 142m of orders, but had submitted tenders worth € 5.2bn. The backlog stood at € 3.3bn, including € 1.9bn ...Talgo is engaged in designing, manufacturing, repairing and maintaining the railway rolling stock, as well as the manufacturing, assembling, repairing and maintaining the engines, machinery and parts of the railway systems. Co. has an industrial presence in seven countries: Spain, Germany, Kazakhstan, Uzbekistan, Russia, Saudi Arabia and U.S.A. Co. has an active fleet in Europe, Asia and North America that comprises of 94 high-speed trains and more than 1,400 Talgo tilting passenger cars. Also, Co. purchases, redesigns, constructs, leases and sells all types of real estate.
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