Patent Talgo

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Patent Talgo SL

logo
legal form Corporation
ISIN ES0105065009
founding 1942
Seat Las Matas , SpainSpainSpain 
management
  • José María de Oriol (CEO since 2002)
  • Carlos de Palacio Oriol
Number of employees 2,030
sales 579.8 million euros
Branch Rail vehicles
Website www.talgo.com
As of December 31, 2016

Patentes Talgo SA is a publicly listed Spanish group, which since 1950 standard Talgo - articulated trains builds for the day and night trains and high speed trains, operated and maintained. Some of the trains are equipped with bogies for changing the gauge . The company also manufactures underfloor lathes for machining wheel sets on railway vehicles.

The headquarters of the Talgo company are located in Las Matas near Madrid. Subsidiaries are located in Germany (since 1994), in the USA and in Kazakhstan (since 2004).

history

Name Imaging founders of the company were in 1942, the engineer and inventor of Talgo - articulated train , Alejandro Goicoechea (* 1895 in Ellorio, † 1984 in Madrid ), and the financier Jose Luis Oriol Urigüen . Their names are contained in the Spanish term T ren a rticulado  l igero G oicoechea O riol (German: Articulated train in lightweight construction according to Goicoechea and Oriol), from whose first letter the short word "Talgo" is formed.

Until 2006, the company was run as a non-listed stock corporation in full ownership by the Oriol family, who also provided the members of the management. Thereafter, due to differences within the family, a stake of 49.9% was sold to a fund of the American investment bank Lehman Brothers (which has been independent of Lehman since 2009 and operates under the name Trilantic ). In 2015 the company was floated on the stock exchange.

Products

The articulated trains developed by the company are used in long-distance rail passenger transport on day and night routes as well as in high-speed traffic, with some trains having trackable drives . Many Talgo trains run with locomotives specially developed for them . In some cases, these are connected to the passenger cars to form multiple units that cannot be operated separately . Talgo trains run u. a. in Spain, Portugal, Russia, Bosnia and Herzegovina, Saudi Arabia, Kazakhstan, Uzbekistan, Canada and the USA.

In Germany, Talgo trains were used as night trains from 1994 to 2009 . From 2023, another 23 seventeen-part passenger trains (currently under the working title ECx ) will be used on national long-distance routes and in traffic between Germany and the Netherlands.

Shareholder

In May 2015, Talgo placed 45% of its capital on the stock exchange. The largest shareholders in Talgo are Trilantic / Pegaso (35%), MCH Private Equity (8.9%), the founding family (9%) and the management (4%).

Web links

Individual evidence

  1. ↑ a b c Investor Factsheet , June 2017
  2. ↑ a b Annual Report 2016
  3. ↑ http://www.railway-history.de/talgos.htm
  4. ↑ El Confidencial: La venta de Talgo a Lehman sitúa a los Oriol en la historia pero fuera de la empresa familiar ( Memento of June 30, 2008 in the Internet Archive ), October 28, 2005, read December 20, 2008 (Spanish)
  5. ↑ Bolsa 5 : La familia Oriol encarga a Nmás1 la venta de Talgo a inversores financieros , October 3, 2005 (Spanish)
  6. ↑ Diariovasco : Competencia autoriza a Lehman Brothers la toma del 49.9% de Talgo , March 8, 2006 (Spanish)
  7. ↑ Spanish company is building the new EuroCitys. In: www.zeit.de. February 6, 2019, accessed February 6, 2019 .
  8. ↑ IPO values ​​Talgo at € 1 · 27bn . In: Railway Gazette . May 7, 2015.
  9. ↑ Ownership Summary

Coordinates: 40 ° 32 ′ 10 "  N , 3 ° 53 ′ 10"  W.