CAF

Companies 5th September 2025

CAF faces pressure from Basque government to abandon projects in Israel

Alphavalue / Divacons | CAF’s contract in Israel opens another front in the battle for control of Talgo with the Basque government. The manufacturer is facing pressure from the Lehendakari to abandon its projects in Israeli territory. A blow that comes as the takeover of its competitor is being finalised. Lehendakari Imanol Pradales has admitted that the company ‘should perhaps reflect on the ethics’ of this project. SNCB in Belgium…

Companies 29th August 2025

CAF subsidiary Solaris wins contract for 180 electric buses worth €150 million for city of Malmö

Link Securities | As announced yesterday by the company, Nobina Sverige AB, one of Scandinavia’s largest public transport operators, has confirmed a new contract with its subsidiary Solaris for the delivery of 180 zero-emission Urbino electric buses that will operate in the Swedish city of Malmö. The contract is worth around €150 million. CAF notes in its statement that this is one of the largest orders for electric buses in…

In Europe, Relevant News Item 25th August 2025

Alstom appeals selection of CAF to renew Belgium’s train fleet again, despite national operator’s decision to continue process

Norbolsa | Alstom is again appealing the tender for the Belgian SNBC contract despite the operator’s decision to continue with the process (still unsigned). The Council of State (administrative court) has set a hearing for 29 August, at which Alstom will face SNBC. The appointment of CAF to renew the Belgian fleet, a project with an assessed value of between €1.7 billion and €3.5 billion, prompted Alstom, which has two…

Companies, Relevant News Item 24th July 2025

Belgian operator SNCB confirms CAF as preferred bidder for €1.695-billion contract following challenges from Alstom and Siemens

Intermoney | The Spanish company (Hold, PO €45) announced yesterday to the National Securities Market Commission (CNMV) that Belgian operator SNCB has confirmed its bid as the best of those submitted. Although this confirmation was already known on 28 February, the award was challenged by Alstom and Siemens, arguing that CAF did not have any factories in Belgium, while Alstom has four plants and 1,900 employees in the country. After…

In Europe 14th July 2025

CAF consolidates presence in France with two new contracts in consortium with Alstom for €300 million total

Intermoney | The company will manufacture trains and trams for France after being awarded two new contracts worth a total of €300 million. In consortium with Alstom, the Basque group will supply 14 trains from the Coradia Polyvalent platform to the Burgundy region. The shared contract stems from agreements between the two companies following CAF’s purchase of Alstom’s Reichshoffen plant three years ago, after the French company was forced to…

European economy 26th May 2025

CAF to invest €50m in French factories over next 5 years to triple capacity in country

Renta 4 | CAF has announced its intention to invest in France. Specifically, the company will invest €50 million in its factories in France over the next five years with the aim of tripling its capacity in the country. With this investment, CAF will reinforce its presence in the French market through its two plants in Reichshoffen and Bagneres-de-Bigorre. Assessment: Positive news as it fits within the company’s organic strategy…

Relevant News Item 7th May 2025

CAF wins new maintenance contracts in UK and Colombia worth €400m

Intermoney: Construcción y Auxiliar de Ferrocarriles (CAF) has won new maintenance contracts in UK and Colombia worth €400 million. CAF (Buy, P.O. €42) informed the National Securities Market Commission (CNMV) on Monday that it had reached an agreement with Northern, the second largest rail operator in the UK, and Medellin Metro in Colombia for the maintenance of their fleets. In the case of the UK, it is a fleet of…

European economy 11th April 2025

CAF subsidiary Solaris to supply 170 electric buses to two Swedish operators for over €100 million

CdM | The company has won two new contracts in Sweden to supply a total of 170 electric buses, with a combined volume of both operations exceeding €100 million, as reported by the CAF group. On the one hand, the Swedish operator Nobina Sverige AB has selected Solaris to supply 89 electric buses to be used in Stockholm, a new order that joins other recent orders from this same operator…

Relevant News Item 6th March 2025

CAF selected as ‘preferred bidder’ for €1,695-million renewal of train fleet in Belgium

Bankinter | The company announced yesterday that it has been selected as the preferred bidder for the contract to supply a new train fleet for the Belgian operator NMBS/SNCB (Société Nationale des Chemins de Fer Belges). The operator has approved the purchasing process with the selected company, pending the finalisation of the award. If the agreement is finally reached, it would involve an initial commitment of around €1,695 million (54,000…

In Europe 22nd January 2025

CAF participates in tender for largest train order in UK history

Link Securities | CAF is among the major international manufacturers invited by Northern Trains, the UK’s second largest rail operator, to participate in the supply and maintenance of more than 450 new public service train units, the largest order in the UK’s history, valued at around €9 billion, Expansión reports today. The British company wants to make the purchases in different phases, although a third of the fleet must be…

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