Announced
Financials
Sources
Tags
locomotives manufacturer
Acquisition
Merger
Turkey
passenger locomotives
locomotives
wagon building
Friendly
Pending
Restructuring
Private
Railroads
Majority
Single Bidder
Synopsis
Turkish locomotive manufacturer Tulomsas, wagon builder Tudemsas and passenger rolling stock manufacturer Tuasas, are set to merge into a newly established company Turkiye Rayli Sistem Araclari Sanayii Anonim Sirketi, which will be owned and managed by the Ministry for Transport & Infrastructure. This was followed by legislative changes in 2017 which allowed private freight companies to operate on the TCDD network. Similar reforms to allow private passenger services have long been discussed but are yet to be formally implemented.
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