TallGO and Sidenor, two colossi of the Basque industry

The Basque consortium under the leadership of Sidenor, will buy 29.77 % of Talgo, five euros per share after the agreement with the Pegaso Company has been reached, in which the majority partner is the trilantic fund, with 29.8 % of the capital.

Founded in 1942 by the engineer Alavés Alejandro Goicoechea and businessman José Luis Oriol, Sebum It is consolidated internationally as a reference in the railway sector. The technology, based on the articulation of wagons and natural slope systems, has caused a revolution in rail transport, which improves the safety and efficiency of the energy improvements.

Among the most famous models are TallGO III, a pioneer in the modernization of rail transport in Spain; Talkgo 350, which is part of the bird fleet at high speed in Spain; And Avril, the most recent bet for the high -speed market with a greater capacity and efficiency.

Talkgo is currently the headquarters in the municipality of Madrid in Las Rozas, where it has a factory with 500 employees, although the ground floor in Rivabelosa (Álava), with 700 employees.

For his part, MoralLocated in Basauri (Bizkaia), it is a leader in the production of special steel, fundamental for sectors such as automotive, railway industry and construction.

Sidesor had, according to his sustainability memory, with a template at the end of 2023 of 1840 people and a close turnover of 1000 million euros, and the steel factory is one of the most advanced in Europe.

The last operation from Sidenor to Talkgo was the acquisition in December last year by Eplus, a Catalan company specialized in industrial scrap. Sidenor himself pointed out that this acquisition was framed in her dedication to sustainable growth and the consolidation of his industrial group.

That was not the first acquisition of Sidenor in this sector, because Miguel Martín had taken over in 2024, a scrap company located in Fuenlabrada, Madrid and previously in 2022 he bought Aguilar Metaalrecycling-AMR, specialized in industrial scrap and in Sagunto (Valencia).

After purchasing the trilantic fund promotions, The Basque Consortium led by Sidenor will have the largest participation of TalgoWith 29.8 % of the shares, followed by the Oriol family with 7.7 % and Torrblas with 5.04 %, while Torreal (Familia Abelló) maintains a participation of 3.5 %. The remaining 54.93 % is in the hands of other minority shareholders.