Connect with us

Technology

EQT to acquire Eagle Railcar Services from JM Texas Companies

Published

on

Eagle Railcar Services is a leading, independent provider of regulatorily mandated railcar repair and maintenance services in North America.The Company is well-positioned to benefit from significant industry tailwinds, including growth in domestic industrial and chemicals activity, tightening rail safety regulation, and an increasing share of rail borne transportation across the United States.EQT looks forward to partnering with founder and CEO Marc Walraven to support Eagle Railcar Services through its next phase of growth.

STOCKHOLM, April 1, 2025 /PRNewswire/ — EQT is pleased to announce that the EQT Infrastructure VI fund (‘EQT’) has entered into a definitive agreement to acquire Eagle Railcar Services (‘Eagle’ or the ‘Company’).

Founded in 2001 by Marc and Joe Walraven, Eagle has grown from just one location in Elkhart, Texas to 13 full-service repair and maintenance facilities strategically located across the United States. Headquartered in Eastland, Texas, the Company now operates as a mission-critical, fully-integrated rail services facility network providing inspection, repair and maintenance services to railcars, ensuring the safe, efficient and low-carbon transport of hazardous and non-hazardous materials throughout the country. Now with c. 1,500 employees, Eagle serves as a trusted partner to customers across a diverse range of states and sectors, including chemicals, agriculture, energy and industrial manufacturing. 

Railcar maintenance is a highly resilient and growing market segment supported by thematic tailwinds, including increased regulatory and stakeholder scrutiny on safety, and heightened industrial production and nearshoring. Alongside Marc and the entire Eagle team, EQT aims to solidify the Company’s position as a leading, national railcar repair and maintenance facility network, and support its mission to enable the safe transit of essential commodities, reduce emissions through rail transport, and extend the lifespan of railcars.

EQT will partner with Eagle’s management team to position the Company for long-term success, leveraging its deep expertise in investing behind North American transportation and logistics assets to help unlock value creation across operational excellence, automation and digitization, and geographic growth. 

Neha Jatar, Managing Director within EQT’s Infrastructure Advisory Team, said: “Eagle utilizes its network of repair and maintenance facilities to provide regulated and essential services to owners of railcars, facilitating the safe transportation of chemicals and other materials that are critical to the global economy. We are excited by the opportunity to partner with Marc and the management team to support Eagle’s network of facilities, employees, and customers in their next phase of growth.” 

Marc Walraven, CEO of Eagle Railcar Services, said: “Partnering with EQT marks an exciting new chapter for Eagle. EQT’s deep industry expertise and investment capabilities will help fuel our continued growth, enhance our service offerings, and expand our footprint. Together, we are committed to continuing to deliver superior value to our customers.”

The transaction is subject to customary conditions and approvals. It is expected to close in Q2 2025.

EQT was advised by Paul, Weiss, Rifkind, Wharton & Garrison LLP.

With this transaction, EQT Infrastructure VI is expected to be 45-50 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication).

Contact
EQT Press Office, press@eqtpartners.co

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/eqt/r/eqt-to-acquire-eagle-railcar-services-from-jm-texas-companies,c4128408

The following files are available for download:

https://mb.cision.com/Main/87/4128408/3358469.pdf

Press Release, EQT Infrastructure VI, Eagle Railcar Services, 250401

https://news.cision.com/eqt/i/eagle-image,c3393741

Eagle Image

 

View original content:https://www.prnewswire.co.uk/news-releases/eqt-to-acquire-eagle-railcar-services-from-jm-texas-companies-302416977.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Changes in UPM’s Group Executive Team: Joonas Rauramo appointed Executive Vice President, UPM Energy

Published

on

By

UPM-Kymmene Corporation Stock Exchange Release (Changes board/management/auditors) June 3, 2026 at 10:00 EEST

HELSINKI, June 3, 2026 /PRNewswire/ — Joonas Rauramo has been appointed Executive Vice President, UPM Energy. He will be a member of UPM’s Group Executive Team and report to Massimo Reynaudo, President and CEO. He will assume his role on October 1, 2026 and will be based in Helsinki, Finland.

Rauramo, born in 1983, will join UPM from Coolbrook Oy where he has served as CEO since 2022 and prior to that as Executive Vice President, Strategy & Industrial Partnerships. From 2007 to 2021, he held various roles at Fortum, most recently as Vice President, Wind and as Vice President, Solar & Wind Development. He serves as a board member at Korkia, and as a member of the IEA Technology and Innovation Advisory Board. Rauramo has Master of Science in Technology from Helsinki University of Technology and Master of Science in Economics from Aalto University School of Economics. He is a Finnish citizen.

“I’m delighted to welcome Joonas to UPM. He brings extensive experience in power generation and industrial decarbonisation, as well as deep expertise in energy markets, project financing, M&A and building global partnerships. These are capabilities that are increasingly critical as demand for reliable, emission-free electricity continues to grow and the energy system undergoes profound transformation. With Joonas on board, we continue to develop our energy business further and contribute to the transition towards a sustainable and resilient energy future,” says Massimo Reynaudo.

UPM, Media relations
Mon-Fri 9:00-16:00 EEST
tel. +358 40 588 3284
media@upm.com

UPM

UPM is a material solutions company, renewing products and entire value chains with an extensive portfolio of renewable fibres, advanced materials, decarbonization solutions, and communication papers. Our performance in sustainability has been recognized by third parties, including EcoVadis and the Dow Jones Sustainability Indices. We operate globally and employ approximately 15,100 people worldwide, with annual sales of approximately €9.7 billion. Our shares are listed on Nasdaq Helsinki Ltd.
UPM – we renew the everyday
Read more: upm.com 

Follow us on LinkedIn | YouTube | Instagram | #UPM #materialsolutions #WeRenewTheEveryday 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/upm-kymmene-oyj/r/changes-in-upm-s-group-executive-team–joonas-rauramo-appointed-executive-vice-president–upm-energy,c4356924

The following files are available for download:

 

View original content:https://www.prnewswire.co.uk/news-releases/changes-in-upms-group-executive-team-joonas-rauramo-appointed-executive-vice-president-upm-energy-302789862.html

Continue Reading

Technology

Helsinki Invites International Companies to Explore R&D Partnerships in Life Sciences and AI & Deep Tech

Published

on

By

HELSINKI, June 3, 2026 /PRNewswire/ — Helsinki Partners, together with the City of Helsinki and the University of Helsinki, is inviting international companies to explore research and development partnerships at two of the city’s leading innovation environments. Through the 90 Hour Helsinki Program, senior decision makers from established companies and scaleups are currently exploring Finland’s business ecosystem over three intensive days, meeting relevant organisations and exploring partnership opportunities for AI & Deep Tech R&D.

For many international companies, R&D expansion comes with real barriers: lack of specialist talent, limited access to laboratory or cleanroom space, and the high cost of building local infrastructure. Helsinki innovation partnerships address these challenges directly – instead of investing heavily in facilities and hiring from scratch, companies can get straight to work with partner organisations, researchers, and thesis students.

Helsinki’s innovation clusters drive global breakthroughs

The 90 Hour Helsinki Program gives access to two university-driven innovation clusters: Viikki is a leading ecosystem for life sciences, biotech, and sustainability, and Kumpula for AI and deep tech research. Both clusters align with the University of Helsinki’s Future Technologies research area, which emphasises responsible and ethical approaches to new technologies.

“Our research is rooted in both scientific excellence and responsibility,” said Jouni Hirvonen, Vice-Rector of Innovation, Infrastructures and Facilities at the University of Helsinki. “Collaborating with international companies allows us to commercialise and scale innovations that both advance technology and contribute to sustainable and ethical solutions for society.”

Organisations active across the clusters include the Natural Resources Institute Finland, HiLIFE, the Ellis Institute, the Finnish Center for Artificial Intelligence (FCAI), and the LUMI AI Factory. Participants choose the track most relevant to their business and spend the day with researchers, companies, and ecosystem partners on that campus.

R&D without the upfront investment

Finland’s R&D funding landscape and cost-efficient operating environment make Helsinki one of the most practical locations in Europe for early-stage collaboration. For companies outside of the EU region, the city offers a stable European base at a time when trade conditions are shifting, with direct flight connections to major cities across Asia and Americas.

“Helsinki offers a unique environment where companies can directly engage with top research, advanced facilities, emerging talent, and the exciting startup culture,” said Heidi Humala, Director, Business Environment at Business Helsinki, City of Helsinki. “Through close collaboration, Helsinki enables private companies to accelerate their R&D without the need for heavy upfront investments.”

Innovation partnerships in practice

ASM, a global leader in semiconductor equipment, has been working with the University of Helsinki for more than two decades. The company expanded its collaboration in 2022 with the launch of the ALD Center of Excellence, a new centre focused on developing advanced materials for next-generation microchips used in AI systems, medical devices, and energy-efficient electronics.

This long-term partnership is one example of the public-private co-innovation that Helsinki supports, and that the 90 Hour Helsinki Program is designed to build.

“Helsinki is known for its trust-based business culture and functional public–private partnerships,” said Clarisse Berggårdh, CEO at Helsinki Partners. “By joining the 3-day 90 Hour Helsinki Program, companies can experience this culture firsthand and start building meaningful collaborations.”

Applications are now open for the 90 Hour Helsinki Program taking place 28–30 September, 2026. The application period closes on 14 August, 2026.

Read more and apply here.

                                   

                                   

Facts at a glance                           

                                               

•  Helsinki is the most cost-efficient city in Europe for biotech and pharma R&D

                                               

•  The Helsinki region ranks 1st in the EU for innovative SMEs collaborating with others

                                               

•  The region also leads in R&D expenditure in the business sector and international scientific co-publications

                                               

•  The University of Helsinki ranks in the top 1% of universities globally

                                               

•  ASM‘s partnership with the University of Helsinki spans more than 20 years

                                   

                                     

                                   

For more information, please contact:

Eelis Torvinen
Marketing & Communications Manager, Helsinki Partners
eelis.torvinen@helsinkipartners.com

Sonja Malin
Senior Advisor, Helsinki Partners
sonja.malin@helsinkipartners.com
+358 400 175 636

About the 90 Hour Helsinki Program and Helsinki Partners

The 90 Hour Helsinki Program, organised by Helsinki Partners, gives senior decision makers direct access to Helsinki’s life sciences and deep tech ecosystems over three intensive days. The programme includes briefings on the Finnish business environment, visits to research organisations and companies, and tailored meetings across the Viikki and Kumpula campuses. Helsinki Partners covers accommodation during the programme for up to four days for one representative per company.

Helsinki Partners is the City of Helsinki’s international investment promotion and city marketing company, providing free expansion services for businesses looking to establish a presence in Finland.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/helsinki-partners/r/helsinki-invites-international-companies-to-explore-r-d-partnerships-in-life-sciences-and-ai—deep-,c4356274

The following files are available for download:

View original content:https://www.prnewswire.com/apac/news-releases/helsinki-invites-international-companies-to-explore-rd-partnerships-in-life-sciences-and-ai–deep-tech-302789886.html

SOURCE Helsinki Partners

Continue Reading

Technology

Corrata Reimagines Mobile Device Security for the AI Era

Published

on

By

Company investing in bespoke on-device LLM for privacy-compliant mobile threat detection as AI reshapes the attack landscape

DUBLIN and LONDON, June 3, 2026 /PRNewswire/ — Infosec Europe, ExCeL London — Corrata, the mobile endpoint security company, today announced a comprehensive reimagining of its approach to mobile device security in response to the rapid transformation of the threat landscape by artificial intelligence. The announcement encompasses new AI governance capabilities, enhanced data loss prevention, and a commitment to developing a bespoke on-device large language model (LLM) for next-generation mobile threat detection.

 

 

“The device in your employee’s pocket is simultaneously connected to AI tools, targeted by AI-powered attackers, and operating in an environment where the threat landscape is being rewritten in real time,” said Colm Healy, CEO of Corrata. “The controls deployed two or three years ago were not built for this world. We have rebuilt ours to match it.”

How AI Is Reshaping the Mobile Threat Landscape

Mobile devices sit at the epicentre of three distinct AI-driven risk dimensions that security teams must now contend with simultaneously.

Hyper-personalised social engineering. AI has transformed phishing from a numbers game into targeted precision. Attackers now use large language models to construct lures from publicly available data, producing messages indistinguishable from genuine communications. Research puts the click-through rate on AI-generated phishing at 54%, against 12% for traditional campaigns. On mobile, where 85% of phishing attacks already occur outside email, across SMS, WhatsApp, Teams and other messaging channels, the impact is acute.

AI-accelerated exploits. In May 2026, Google Threat Intelligence Group confirmed a real-world threat actor had used a zero-day exploit developed with AI, planned for mass exploitation and only stopped by proactive counter-discovery. Finding and weaponising vulnerabilities no longer requires deep expertise or months of effort. The median time from disclosure to active exploitation had already fallen from 771 days in 2018 to single-digit hours before frontier AI models entered the picture. Mobile is particularly exposed, where apps are deployed quickly and sometimes outside the review processes that govern traditional software.

Shadow AI and data loss. When employees find that an AI tool makes them more productive, they use it, approved or not. Research suggests 43% of employees share corporate data with LLMs without authorisation. On mobile, where personal and professional boundaries are already blurred, the exposure is acute: sensitive documents uploaded to consumer AI services, client details pasted into chatbots, proprietary code submitted for debugging. Institutional knowledge is leaving organisations at an unprecedented rate, with no visibility and no controls in place.

How Corrata Is Responding

Corrata has always been built on a simple premise: mobile devices deserve the same depth of security monitoring as laptops and servers. Its on-device architecture inspects 100% of network traffic without routing it through a cloud relay, a visibility advantage no competitor has matched. In the AI era, that foundation becomes more important, not less. Corrata has now extended it across three areas.

On-device LLM for enhanced threat detection. The vast majority of mobile traffic is now encrypted, and current detection methods will struggle against the more sophisticated social engineering and exploit techniques that AI is enabling. Corrata is developing a custom on-device LLM purpose-built for the mobile environment. It will analyse traffic patterns, behavioural signals and connection metadata to surface threats hidden within encrypted sessions, on the device itself, in real time, with no data leaving the phone.

AI governance for the mobile workspace. Corrata’s AI Governance capability lets organisations define which AI services and SDKs are sanctioned in the mobile workspace and enforces those policies automatically. Approved tools are unaffected; access to unsanctioned services, including consumer chatbots, AI coding assistants and embedded LLM SDKs in third-party apps, is flagged or blocked. As AI governance frameworks including ISO 42001 and the EU AI Act mature, mobile is the enforcement gap most organisations have yet to close. Corrata closes it.

Precision mobile DLP for the AI age. Data leakage via mobile is no longer confined to lost devices or unencrypted email. AI tools are now a primary exfiltration channel. Corrata’s enhanced data loss prevention uses fine-grained traffic analysis to detect sensitive corporate data being transmitted to external services, whether deliberately or inadvertently, enabling security teams to act on genuine data loss events rather than chase false positives.

“Corrata brings together the deepest visibility into mobile traffic of any solution on the market with a new generation of AI-native capabilities built for the threats that matter most right now,” said Colm Healy.

Availability

Corrata’s AI Governance and enhanced DLP capabilities are available now. The on-device LLM is in active development, with availability to be announced. Organisations wishing to learn more or request a demonstration should visit corrata.com.

About Corrata

Corrata is a mobile endpoint security company headquartered in Dublin, Ireland. Its on-device technology delivers comprehensive threat detection and response for iOS and Android devices, combining advanced mobile threat defence with data loss prevention and AI governance. Corrata is a member of the Microsoft Intelligent Security Association (MISA), verified for use with FirstNet, and is accredited as ‘Cybersecurity Made in Europe’ by ECSO. For more information, visit corrata.com.

Logo: https://mma.prnewswire.com/media/2987647/Corrata_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/corrata-reimagines-mobile-device-security-for-the-ai-era-302785866.html

Continue Reading

Trending