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JSC Transmashholding was established in 2002. In 2012, Transmashholding took in 130 billion rubles in revenue. This revenue represents a 22 percent increase over 2011 revenues.
In 2005, Transmashholding established a joint venture with the German company Siemens AG, Transconverter LLC, which specializes in the development of high-voltage static converters for passenger coaches, electric locomotives, and electric multiple units (EMUs). The company later acquired FTD Dessau, the oldest engineering and manufacturing center in Europe.
On February 16, 2009, Transmashholding acquired a 50.48% stake in JSC VELNII from the Moscow-based investment group JSC Investment Group Rosvagonmash, which was closely affiliated with Russian Railways (RZD).
In December 2015, RZD approved the sale of its 25%+1 share in the company (The Breakers Investments BV). Alstom's stake in the company was increased to 33% by the end of 2015.
In December 2017, the company paid US$3 million for the concession and refurbishment of the Mechita workshops in Bragado. Argentina. The site is part of a planned US$200 million investment by the company in the country to produce parts for the railway industry and rolling stock if it is successful in bidding in SOFSE's large tender offers. In 2021, the company's revenue amounted to 103 billion rubles.
In February 2021, TMH was said to acquire Bergen Engines from Rolls-Royce, for approximately 150 million euros, but the sale was stopped by the Norwegian government due to national security concerns.
Transmashholding was put on a sanctions list by the Ukrainian government and the US Department of the Treasury in September 2023.
In 2023, a consortium formed by Transmashholding and the Indian company Rail Vikas Nigam won an international tender for the manufacture and 35-year servicing of 120 16-car Vande Bharat Sleeper long-distance electric trainsets, developed by ICF, for Indian Railways (1,920 cars in total). The second bidder, a consortium of Bharat Heavy Electricals and Titagarh Rail Systems, was awarded a contract for 80 trainsets. The manufacturing facility of the Russian-Indian joint venture Kinet Railway Solutions is located in the city of Latur, while an engineering center operates in Hyderabad.
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At various times, Transmashholding owned such enterprises as the Engels Transport Engineering Plant (sold in 2024), the Bezhitsky Steel Plant (sold in 2024), and the Oktyabrsky Electric Railway Car Repair Plant (sold in 2025).
Outside Russia, the company owned the Fahrzeugtechnik Dessau in Germany (until 2008), TMH Hungary and TMH Hungary Invest in Hungary (sold in 2022), a plant in Boksburg, South Africa (sold in 2022), and the Mechita repair plant in Argentina (sold in 2023). In addition, Transmashholding owned a 25% stake in Kazakhstan's Electric Locomotive Assembly Plant (EKZ) and a 50% stake in Kazakhstan's Locomotive Assembly Plant (LKZ); these stakes were sold in 2024.
From Wikipedia’s article on Transmashholding, shared under CC BY-SA 4.0.4