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  <title>Eurotrack: País Vasco</title>
  <subtitle>All entries located in País Vasco (Spain), newest first.</subtitle>
  <link href="https://eurotrack.ai/en/regions/pais-vasco/"/>
  <link rel="self" href="https://eurotrack.ai/en/regions/pais-vasco/feed.xml"/>
  <id>tag:eurotrack.ai,2026:en:en/regions/pais-vasco</id>
  <updated>2026-09-25T06:00:00Z</updated>
  <author><name>Eurotrack</name></author>
  <entry>
    <title>🤝 21 Invest takes majority stake in Spanish toolmaker Celesa (Spain / Italy)</title>
    <link href="https://eurotrack.ai/en/developments/489de5f8-21-invest-takes-majority-stake-in-spanish-toolmaker-celesa/"/>
    <id>tag:eurotrack.ai,2026:489de5f8:en</id>
    <updated>2026-09-25T06:00:00Z</updated>
    <summary>Investment firm 21 Invest, part of Alessandro Benetton's 21 Next group, is taking a majority stake in Basque toolmaker Grupo Celesa (brands BlueMaster and Dogher, founded in 1987 and based in Iurreta), its first investment in Spain. Celesa had revenue of more than €20m in 2025 and expects over €25m in 2026 with EBITDA of nearly €8m; around 15% of sales come from other European markets, notably France. No price was disclosed (Pressdigital, 25 September 2026; second source: Forbes España, 25 September 2026). — Source: https://www.pressdigital.es/articulo/economia/2026-09-25/6028336-firma-europea-21-invest-benetton-desembarca-espana-compra-grupo-celesa</summary>
  </entry>
  <entry>
    <title>🚄 Euskotren opens new Herrera–Galtzaraborda alignment near San Sebastián (Spain)</title>
    <link href="https://eurotrack.ai/en/developments/b3bbf96b-euskotren-opens-new-herrera-galtzaraborda-alignment-near/"/>
    <id>tag:eurotrack.ai,2026:b3bbf96b:en</id>
    <updated>2026-07-18T06:00:00Z</updated>
    <summary>The new alignment of the Euskotren Topo line between Herrera and Galtzaraborda entered service on 18 July 2026, integrating the former Altza branch into the main line and turning Altza into a through station. Construction began in February 2022 with an investment of around EUR 64 million. The realignment enables a train every 7.5 minutes between Amara and Pasaia, with ridership on the Donostia–Errenteria corridor expected to roughly double to about 4 million passengers annually. — Source: https://en.wikipedia.org/wiki/Topo_(San_Sebasti%C3%A1n)</summary>
  </entry>
  <entry>
    <title>🏭 Talgo invests €90m in two plants and plans 200 new jobs (Spain)</title>
    <link href="https://eurotrack.ai/en/developments/27ab98a2-talgo-invests-90m-in-two-plants-and-plans-200-new-jobs/"/>
    <id>tag:eurotrack.ai,2026:27ab98a2:en</id>
    <updated>2026-03-16T06:00:00Z</updated>
    <summary>Talgo's new chief executive Rafael Sterling announced in early March 2026 that the manufacturer will invest €90 million in its two plants by 2027 and recruit 200 people for the Rivabellosa plant, so that revenue can rise from €618 million (2025) to €750 million. According to a June 2026 report, production capacity at Rivabellosa and Las Matas is to double by 2028, and the order backlog hit a record €6.3 billion (end of 2025: €4.47 billion) (LOK Report, 16 Mar 2026 and 19 Jun 2026). — Sources: https://www.lok-report.de/news/europa/spanien/65866-spanien-bahnwelt-mit-hoch-und-tiefs-caf-im-hoehenflug-talgo-kaempft-sich-zurueck-renfe-betreibt-eigene-busse.html · https://www.lok-report.de/news/europa/spanien/spanien-cazuela-ferroviaria-a-la-espanola-spanischer-bahn-eintopf.html</summary>
  </entry>
  <entry>
    <title>🤝 Sidenor-led consortium takes 29.78% of Talgo for €156.7m (Spain)</title>
    <link href="https://eurotrack.ai/en/developments/121df47a-sidenor-led-consortium-takes-29-78-of-talgo-for-156-7m/"/>
    <id>tag:eurotrack.ai,2026:121df47a:en</id>
    <updated>2025-12-17T06:00:00Z</updated>
    <summary>Talgo has a new core shareholder: a Basque consortium led by Sidenor acquired 29.78% of the share capital for €156.7 million on 17 December 2025 after two years of negotiations, and the state holding company SEPI also pledged a capital increase. Because the 30% threshold was not reached, no public takeover bid was needed; share capital rose to €40.47 million (134.4 million shares). A €770 million refinancing also lets Talgo settle the penalty, now €107 million, that Renfe imposed for the late delivery of its 30 Avril trains. An extraordinary general meeting at the new Basque registered office in Vitoria-Gasteiz was planned for mid-February 2026, to end the Oriol family's 84-year chairmanship (LOK Report, 21 Jan 2026). — Source: https://www.lok-report.de/news/europa/spanien/64559-spanien-abono-unico-das-spanien-ticket-fuer-60-euro-talgo-in-ungemuetlicher-situation-zwischen-angebot-und-kapazitaet.html</summary>
  </entry>
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