High-speed Northeast train

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Last seen on: LA Times Crossword 30 Jun 20, Tuesday

Random information on the term “ACELA”:

Talgo, S.A. is a Spanish manufacturer of intercity, standard, and high speed passenger trains.

The word Talgo is also used by the rail operator RENFE for a type of inter-city rail service (using Talgo VI cars).

TALGO (Tren Articulado Ligero Goicoechea Oriol, Goicoechea-Oriol light articulated train), Alejandro Goicoechea and José Luis Oriol being the founders of the company.

Talgo Patents S.A. was first incorporated in 1942.

In March 2007 Talgo sold its Finnish rolling stock manufacturing subsidiary Talgo Oy to its local management and other Finnish investors. The company, which Talgo had owned for only seven years, reverted to its previous name of Transtech Oy. The company spends 10 to 12 percent of revenues on research and development, but the main revenue source is the Spanish railway operator Renfe.

Talgo made an initial public offering on the Bolsa de Madrid in May 2015. The IPO valued the company at €1.27 billion.

ACELA on Wikipedia