predecessor international railway systems irs 2002 2011 successor greenbrier astra rail 2016 founded 2012 headquarters romania products rail wagons website www.astrarail.com international railway systems irs was formed in 2002 with rail vehicle manufacturing plants in romania it expanded through the acquisition of trinity industries inc. european assets adding further manufacturing plants in romania and a part forging plant in the czech republic . in 2011 the company became insolvent following a severe downturn in rail wagon orders due to economic depression . irs s three main romanian manufacturing facilities were reformed under the name astra rail industries ari in 2012 other activities were sold to third parties . in 2016 the greenbrier companies and astra rail agreed to form a joint venture 75 % owned by greenbrier incorporating both the company s european operations . the new business was to be named greenbrier astra rail . contents 1 history 1.1 international railway systems 2002 2011 1.1.1 bankruptcy 2010 2011 1.2 astra rail industries 2012 2016 2 references 2.1 notes 3 external links history edit international railway systems 2002 2011 edit international railway systems was founded in 2002 . the company acquired meva sa in drobeta turnu severin romania from trinity industries inc. in 2002 . in 2004 romvag sa in caracal was acquired . 1 in 2006 irs bought the european assets of trinity industries inc. usa for 30 million . 2 the acquired businesses were astra vagoane arad romania msv metals stdenka czech republic note 1 and works in zug switzerland and poprad slovakia . 4 the resultant company in 2007 had three main business divisions the rail manufacturing division consisted of astra vagoane arad meva sa and romvag caracal plus metal forgings manufacturer msv metal studenka ; rail wagon fleet company servtrans ; and the marine division through the holdings in severnay shipyard . 5 in 2008 irs together with an investor associate acquired a controlling share holding in three former subsidiaries of ma inska industrija ni nis serbia the manufacturing companies min vagonka wagons min lokomotiva locomotives and specijalna vozila lifting equipment specialised vehicles . irs acquired a 49 % share of parent holding company friulexport d.o.o. . 6 7 in 2009 the contract of sale was annulled and the privatisation of the companies reversed . 8 9 in 2009 the company s exports amounted to 1.1 % of romania s total exports 10 and was the largest european manufacturer of rail wagons with a 20 % market share . 11 irs s rail wagon orders were deeply affected by the great recession following the financial crisis of 2007 08 resulting in the main wagon building business becoming insolvent in 2010 . 12 bankruptcy 2010 2011 edit astra vagoane arad meva and romvag caracal became insolvent in 2010 they were re organised in 2012 as astra rail industries . 13 msv metal studenka also entered insolvency in 2011 14 15 it was acquired by jet investment in 2013 . 16 subsidiary rail freight operator servtrans entered insolvency in 2011 and was acquired by rail operating group grampet services in late 2011 . 17 18 the 29 % stake in severnav shipyard was put up for sale by the liquidations in 2014 . 19 astra rail industries 2012 2016 edit the three rail vehicle manufacturing sites in romania were reformed under astra rail industries in 2012 . the companies were acquired for 30 million which was returned to creditors . the new company s parent was astra rail management bv 95 % netherlands . 13 20 21 apromat arad and icpv arad were acquired in 2013 . 22 in oct 2016 the holding company astra rail management and the greenbrier companies usa announced they intended to merge their european activities into a joint venture greenbrier astra as part of the agreement greenbrier was to pay 60million total to astra rail with the joint venture becoming 75 % owned by greenbrier . 23 references edit international railway systems irs takes over the european business of trinity pdf wascosa eurotank 8 3 sep 2006 irs was founded in 2002 . . meva was acquired by trinity in 1999 and sold to irs in 2002 . . romvag was purchased when the former owner went bankrupt in 2004 international railway systems sa announces acquisition of trinity s european rail business international railway systems 6 aug 2006 archived from the original on may 3 2007 msv metal stud nka a.s. history www.msvmetal.eu international railway systems irs bernimmt europagesch ft von trinity www.eurailpress.de in german 1 sep 2006 international railway systems appoints juergen von schwerin chief executive officer press release 20 sep 2007 international railway systems acquires three factories in nis serbia press release 12 may 2008 international railway systems buys serbian companies www.railwaygazette.com 13 may 2008 ni o ajni i gladni www.naslovi.net 28 feb 2010 smiljkovici m. 21 aug 2010 oporavak ni ke ma inske industrije www.blic.rs vagoanele lui burci fac 1 1 % din exporturile tarii . www.zf.ro in romanian . 3 sep 2009 . freight wagon business moves east www.railjournal.com 4 july 2011 micu senica 21 sep 2011 a cump rat verestoy attila irs de la cristian burci www.capital.ro in romanian a b astra rail industries takes over 3 irs companies www.railwayinsider.eu 10 july 2012 msv metal stud nka a.s. insolvencni rejstrik.cz in czech alexander juraj ; str nek ji 27 november 2013 reorganisation under czech law www.corporatelivewire.com skupina jet investment hodl o ivit v robu v b val vagonce stud nka hn.ihned.cz in czech 29 jan 2013 urzic alexandru 1 mar 2012 afacerile lui burci se mi c i n insolven servtrans a ncheiat un contract de 43 mil . euro www.capital.ro micu senica 28 jan 2013 servtransul lui gruia stoica salvat de la faliment . planul de reorganizare a fost aprobat www.capital.ro in romanian un pachet de 29 % din antierul naval severnav e la v nzare pe rasdaq prin executare silit in romanian ziarului financiar www.zf.ro 13 apr 2014 new lease of life www.railwaystrategies.co.uk 1 feb 2013 rbs and astra rail industries announce the restructuring of international railway www.rbs.ro 1 nov 2012 firmele ar dene apromat i icpv au fost preluate de astra rail industries www.vestic.ro in romanian 13 mar 2013 peste 85 % din lichiditatea de miercuri a fost sus inut de nregistrarea rezultatelor ofertelor de preluare de la firmele apromat arad 1 2 milioane lei i icpv arad 1 3 milioane lei . ofertele au fost derulate de firma astra rail industries de inut indirect de cet eanul german thomas manns templeton dan 13 oct 2016 greenbrier europe and astra rail to merge www.railjournal.com notes edit msv metals stdenka before acquisition an european subsidiary of thrall car manufacturing company usa . 3 a former koda vagonka factory see also koda vagonka czech . external links edit international railway systems archived from the original on 16 may 2007 retrieved from https en.wikipedia.org w index.php title astra rail industries & oldid 744480741 categories railway companies of romaniarolling stock manufacturershidden categories cs1 german language sources de cs1 romanian language sources ro cs1 czech language sources cs navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutschrom n edit links this page was last modified on 15 october 2016 at 14 10 . text is available under the creative commons attribution sharealike license ; 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