- CEO
- Ricardo Chocarro Melgosa
- Full Time Employees
- 3,594
- Sector
- Producer manufacturing
- Industry
- Trucks/Construction/Farm machinery
- Address
- Paseo del tren Talgo, 2 Madrid MA Spain 28290
- IPO Date
- May 7, 2015
- Business
- Talgo, S.A. (TLGO.MC) designs, manufactures and maintains high-speed and intercity rolling stock worldwide; offers very high-speed trains including the Avril platform with speeds up to 330 kph and dual-gauge capabilities, high-speed trains, intercity trains such as the Talgo 230 with full low-floor accessibility and passive tilting technology, locomotives with low axle weights under 88 tons, commuter and regional trains, metro and light rail vehicles, passenger coaches, night trains and power heads; provides maintenance services encompassing consulting, technical assistance, modernizations, retrofits, component repairs, spare parts management and smart digital services; supplies auxiliary maintenance equipment including underfloor wheel lathes, measuring equipment and shunting cars; and delivers rolling stock refurbishment. The company, founded in 1942 and headquartered in Las Matas-Madrid, Spain, operates manufacturing plants and maintenance facilities in Spain (including Rivabellosa, Valladolid, Barcelona and Malaga), Germany, Denmark, Saudi Arabia, Egypt, Kazakhstan, Uzbekistan and the United States, serving operators such as Renfe, Deutsche Bahn, DSB, FlixTrain, ENR and KTZ with a workforce exceeding 3,500 employees. In recent developments, a Basque Country consortium including stakeholders from Sidenor, Kutxabank and regional entities agrees to acquire 29.7%-29.8% of Talgo's shares at 4.15 euros per share plus a conditional 0.85 euro premium, pending completion alongside SEPI's entry via a 45 million euro capital increase for 7.88% stake and 105 million euros in convertible bonds; pursues a new syndicated financing structure of 770 million euros in credit lines and 500 million euros in guarantees with CESCE coverage; negotiates with Deutsche Bahn to reduce ICE L contract scope from 79 to 60 Talgo 230 trains incorporating maintenance adjustments and delivery rescheduling; secures certification and commercial service entry for Talgo 230 trains with DSB in Denmark for Copenhagen-Hamburg EuroCity routes and with Deutsche Bahn in Germany under ICE L branding; wins landmark FlixTrain contract for up to 65 Talgo 230 intercity trains worth 2.4 billion euros including 15-year maintenance with initial 30-unit firm order valued at 1.06 billion euros; reports nine-month 2025 revenues of 443.1 million euros, first-half revenues of 270.1 million euros and full-year 2024 record revenues of 669.2 million euros with backlog surpassing 4.8 billion euros targeting over 7 billion euros; and anticipates FY2025 revenues of 560-590 million euros.