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EQT to acquire Eagle Railcar Services from JM Texas Companies

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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.

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Vodafone Business and Geely Technology Europe Extend Partnership to Drive Vehicle Innovation

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SINGAPORE and LONDON, June 3, 2026 /PRNewswire/ — Vodafone Business and Geely Technology Europe (GTEU), the European R&D organisation within Geely Auto Group, have extended their partnership to include Internet in the Car, Mobile Private Networks, and Cloud Connect solutions.

The Internet in the Car service from Vodafone Business supports capabilities such as diagnostics and over-the-air software updates, while Cloud Connect ensures secure data transfer between vehicles and cloud systems. This means Geely can monitor vehicle’s performance and support improvements to the driver experience.

In addition, Vodafone provides secure and reliable connectivity across Geely Technology Europe’s operations in Germany and Sweden, as well as with its pan-European sales teams.  

GTEU plays a key role in developing the vehicle architectures, digital platforms, and intelligent systems. These provide customers with highly responsive integrated in-car internet and digital services such as dynamic EV charging planning and 3D lane guidance. Central to this is equipping vehicles with the latest software, data, and connected services. 

Moving beyond simple transport solutions
Giovanni Lanfranchi, CEO at Geely Technology Europe, said: “We’ve moved beyond simple transport solutions. Today, vehicles can be continuously improved through software, with data and connectivity enabling a more responsive and personalised user experience over time.”

Vodafone Business’ vehicle services support GTEU in responding to customer insights, continuously enhancing its vehicles long after they leave the showroom. One example is Zeekr Navigation, where secure, always‑on connectivity enables instant in‑vehicle customer feedback. This shortens development cycles and improves GTEU’s ability to identify issues and deploy improvements rapidly.

Fanan Henriques, Vodafone Business Product and International Business Director of Vodafone Business, added: “As the adoption rate of electric vehicles continues to grow, the opportunities to enhance their safety, efficiency and the user experience through digital connectivity are significant. We’re supporting Geely’s growth in vehicle sales across Europe and its operations with a secure, multi-service digital infrastructure.” 

98% of vehicles connected
Vodafone Business is providing solutions tailored to international cybersecurity, data protection, and regulatory compliance needs, while enabling Geely to scale rapidly across regions by leveraging Vodafone’s extensive global network. For example, Vodafone Internet in the Car service combines Vodafone’s global managed IoT connectivity platform, which currently has over 240 million connections worldwide, with local internet service providers. 

By 2030, it’s expected that more than 98% of new passenger vehicles sold will be connected. Vodafone Business, working with Geely, is ready to help drive this expansion.

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SOURCE Vodafone Business and Geely Technology Europe

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Beijing Review: Wisdom Without Borders: People are born with different talents, but knowledge grows only through learning

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BEIJING, June 3, 2026 /PRNewswire/ — “People are born with different talents, but knowledge grows only through learning.” The quote comes from Lunheng, a work written by Eastern Han Dynasty (25-220) thinker Wang Chong. It means that although people differ in terms of natural gifts, their knowledge of the world and the skills they build are all shaped through learning.

 

A society that values learning is bound to be energetic and pioneering, and reading is one of the most important paths to learning. People everywhere have valued reading since ancient times–and China is no exception. From Su Qin of the Warring States period (475-221 B.C.), who kept himself awake while studying by pricking his thigh with an awl, to Kuang Heng of the Western Han Dynasty (206 B.C.-A.D. 25) , who, unable to afford candles, famously chiseled a hole through a wall to borrow light from his neighbor’s candle to read at night, and Che Yin of the Eastern Jin Dynasty (317-420), who read by the glow of fireflies gathered in a silk bag, these well-known tales of reading have continued to inspire generations.

Since the launch of its reform and opening-up policy in 1978, China has stepped up its efforts to boost interest in reading, and build a learning society. Since the new era began in 2012, this nationwide reading drive has evolved from a broad social call into a national strategy. Since 2014, the phrase “fostering a love of reading among the public” has been included in the annual government work report for 13 consecutive years. The outline of the 15th Five-Year Plan (2026-30) also calls for further promoting reading initiatives nationwide to foster a reading culture across all segments of society.

Libraries, community reading rooms, rural bookhouses and other public reading spaces have spread across both the urban and rural landscapes. Brick-and-mortar bookstores, specialty bookshops and cultural salons have created immersive settings for more engaged reading.

In the digital age, reading has gone from turning pages to tapping through entire libraries on a screen. Technology is making reading not just easier, but more enjoyable.

The overall reading rate among China’s adult citizens reached 82.3 percent in 2025. On average, each adult read 8.39 printed and e-books combined that year.

On February 1, 2026, the Central Government’s regulations on public reading promotion officially took effect, marking the transition of China’s national reading drive from policy guidance to legally binding mandate. The fourth week of April each year has now been designated as National Reading Week. From April 20 to 26, 2026, China celebrates its first National Reading Week, which coincides with the 31st World Book Day on April 23. Across the country, reading events are in full swing.

Today, knowledge is advancing at a much faster pace, while people are taking on increasingly specialized roles in society. New technologies and industries, from AI to the metaverse, are evolving at great speeds.

Together, these factors have not only opened up a broad stage for young people to showcase their talent, but also placed unprecedented demands on their knowledge base and innovative capacity. Only through sustained reading and learning can they keep pace with the times and ride the wave of change.

By reading and learning, people can enrich their minds, strengthen their character and broaden their horizons, which will help them keep up in a rapidly changing world.

In reading, we cultivate wisdom. In learning, we sharpen our abilities. To carve out a successful path in life–that should be the shared pursuit of all those seeking to better themselves through reading and learning.

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SOURCE Beijing Review

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BDx Data Centers Secures Indonesia’s Largest Data Center Power Commitment at 1.2 GW, Strengthening Strategic Partnership with PLN Across National AI Infrastructure Platform

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Landmark 788 MVA allocation for CGK4 Jatiluhur, major capacity energization at CGK3A South Jakarta, and strategic grid expansion at CGK5 Suryacipta position BDx Indonesia as the nation’s largest operator-neutral AI and digital infrastructure platform

SINGAPORE and JAKARTA, Indonesia, June 3, 2026 /PRNewswire/ — BDx Data Centers (BDx) announced a series of transformative power milestones achieved in a strategic partnership with PT Perusahaan Listrik Negara (Persero) (PLN), significantly expanding Indonesia’s AI and hyperscale infrastructure capacity.

These milestones include:

Securing 788 MVA of contracted grid power for BDx’s flagship CGK4 AI Campus in Jatiluhur, West JavaSuccessfully energizing CGK3A in Cilandak, South Jakarta, with a substantial power capacity expansion to ~60 MVAAdvancing high-voltage grid infrastructure at CGK5 in Suryacipta, West Java, with up to 385 MVA of secured power capacity.

Together, these developments bring BDx Indonesia’s total secured power portfolio to 1.2 GW – representing the single largest power commitment secured by any data center operator in Indonesia. This milestone reinforces BDx’s leadership in building Indonesia’s sovereign AI, cloud, and digital economy infrastructure, while deepening its long-term strategic relationship with PLN.

Agus Hartono Wijaya, CEO of BDx Indonesia said “Reliable and scalable power is foundational to Indonesia’s AI and digital infrastructure development. PLN’s professionalism and execution have been critical in enabling the expansion of our capacity across Jakarta and West Java. This collaboration supports the build‑out of resilient, AI‑ready infrastructure that can meet long‑term demand from enterprise, hyperscale, and sovereign workloads.”

Adi Priyanto, Director Retail & Commerce of PLN said “PLN remains committed to supporting strategic digital industries through reliable and scalable power infrastructure. Our collaboration with BDx reflects PLN’s role in enabling Indonesia’s AI and digital economy to grow in a resilient and sustainable manner.”

“Indonesia’s accelerating demand for AI and digital services requires close coordination between infrastructure providers and the national power ecosystem,” said Martindar Jalu Respati, Senior Manager, Commercial & Customer Management, PLN West Java Distribution Main Unit. “PLN is proud to support the development of large-scale, high-reliability digital infrastructure that strengthens Indonesia’s competitiveness as a regional technology and AI hub.”

BDx’s Indonesia portfolio represents the most advanced AI infrastructure ecosystem in Southeast Asia. CGK4, Indonesia’s first NVIDIA DGX-Ready-certified campus, delivering up to 650 MW of renewable-aligned capacity — already supporting H100-class GPU deployments for AI training and sovereign cloud workloads. CGK3 brings liquid-cooled, high-density compute to Jakarta, purpose-built for next-generation AI platforms including NVIDIA GB200. CGK5, at 300 MW, extends BDx’s hyperscale footprint and, together with CGK4, CK5, anchors Indonesia’s sovereign AI digital infrastructure.

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SOURCE BDx Data Centers (BDx)

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