Corporate History
TALGO is the Spanish acronym for "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 originally 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.
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