Škoda Group Reinitiates Talks with Talgo on Integration

The CEO of Škoda Group, Petr Novotný, intends to reconnect with a representative of the Spanish rolling stock manufacturer Talgo to discuss possibilities for industrial integration, reports the railway transport news portal Railway Supply, citing Škoda Group.

In an exclusive interview with the leading Spanish publication Cinco Días, the CEO of Škoda Group spoke about the company’s ambitions in Spain and shared the history of Škoda Group.

He outlined the company’s vision of creating a European leader in the railway sector.

Siemens at InnoTrans 2024: New Product Announcements

The interview paid special attention to Škoda Group’s European presence in urban and mainline mobility, mentioning successful projects in Germany and Italy.

Škoda Group has shown impressive growth over the past four years.

The company’s turnover has increased fourfold — from €300 million to €1.4 billion.

This achievement was made possible through investments in production amounting to more than €300 million.

In the first half of 2024, the company continued to show high performance: €800 million in new contracts, €670 million in revenue, and €14 million in positive EBITDA.

Škoda Group has seven factories in three countries with a total annual production capacity of seven million hours.

The strong financial backing from PPF Group, whose assets exceed €40 billion, contributes to the company’s continued success in vehicle manufacturing.

Photo: Škoda Group

Rail business, industry, and railway technology news from Railway Supply that you might have missed:

Kazakhstan to Procure 559 Locomotives by 2028: Details of the Major Railway Fleet Upgrade