As the Greek railway system attempts to restart on multiple levels, with new tenders for train procurement, parallel modernization of the existing fleet and increased requirements for reliability and safety, the ONEX Group is dynamically entering the rail vehicle sector, investing in an industry that had remained without a stable industrial base in the country for decades.
Spearheaded by the newly established subsidiary ONEX Rolling Stock & Integrated Systems (ONEX RSIS), the ONEX Shipyards & Technologies Group is planning the creation of a comprehensive center for production, maintenance and upgrading of rolling stock and railway systems at the Eleusis Shipyards. This is an investment that, according to the plan, will exceed 20 million euros and aims to fill a critical gap in the Greek railway system: the capability for heavy maintenance, renovation and lifecycle support of rolling stock within the country.
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