Lucchini to help Jupiter jack up wheelsets business with strategic Italy partnership

Jupiter Wagons Ltd partnered with Italy’s Lucchini RS Holding S.p.A. and SIMEST S.p.A. to boost its railway wheelset business. The Italian firms bought a 25 per cent stake in Jupiter Tatravagonka Railwheel Factory for about €28 million. Lucchini will provide technology and expertise to help expand production in India and abroad.