Big capital equipment needs world-class
MRO -- Maintenance, Repair, and Overhaul/Operations -- services. Historically this was something the owner-operator would handle in-house, but increasingly the work is being done by autonomous subsidiaries, spinoffs, and especially outsourced to contract service providers. Here are a few of my favorites. First,
NedTrain, the Dutch locomotive and rolling stock maintenance and repair firm...

Second, the German
Lufthansa Technik, top manufacturer-independent provider of maintenance, repair and overhaul (MRO) services for aircraft, engines and components...

And third, Korean-owned
STX Europe's ship repair and conversions yards...
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