Masteris

What Masteris does

Masteris is a French railway maintenance and engineering services company headquartered in Saint-Denis and operating as a wholly-owned subsidiary of SNCF Voyageurs, the passenger rail arm of France's state-owned SNCF Group. Founded around 2009-2010, the company offers a portfolio of 11 service lines covering the full equipment lifecycle of rolling stock, including acquisition support, certification and homologation, operation and maintenance, optimization, lifespan management, spare parts supply, modernization and transformation, repair, dismantling, and training. These services are delivered across four equipment categories: high-speed trains, regional trains, locomotives, and urban transport (trams and metros).

The company's technical differentiators include ERTMS safety equipment installation and certification, expertise in the transition from GSM-R to FRMCS rail communications, ECM (Entity in Charge of Maintenance) certification from the European Railway Agency, and regulatory compliance knowledge across France, Germany, Spain, and Italy. It serves a customer base of more than 150 operators and transport authorities across Europe and selected international markets (notably Senegal), with named clients including Eurostar, Thalys, Hexafret, RATP Florence, CFL Luxembourg, Transdev Dublin, and municipal operators in Rouen, Montpellier, and Lille. Masteris holds Ecovadis Silver and AFAQ/ISO 9001 quality certifications.

Masteris generates revenue primarily through professional services engagements on a project-based, quote-driven pricing model, supplemented by spare parts supply. Go-to-market is direct enterprise sales with dedicated experts assigned to each client project, supported by content marketing, case studies, industry events, and a professional website organized by client challenge and equipment type. CEO Rémi Peltier leads the company, which employs between 101 and 250 people and operates as a private entity with no external funding rounds or public listing.

Name

Masteris

Legal name

MASTERIS

Website

https://en.masteris.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

101–250 employees

Short description

Masteris is a French railway maintenance and engineering services firm and subsidiary of SNCF Voyageurs that delivers full-lifecycle rolling stock services, including certification, maintenance, modernization, and training, to over 150 operators and transport authorities across Europe and Africa.

Ownership category

akta.pro rank

Product category

Railway Maintenance and Engineering Services

NAICS

Support Activities for Rail Transportation (48821)

SIC

Railroad Equipment (3743)

akta.pro primary industry

Passenger Coach & Multiple Unit (EMU/DMU) Maintenance (TLAKAIAC)

akta.pro secondary industries

Locomotive Maintenance & Overhaul (TLAKAIAA), Bogie/Truck, Wheelset & Bearing Shop Services (Reprofiling, Overhaul) (TLAKAIAD)

Keywords

• Railway maintenance services
• Rolling stock engineering
• Train lifecycle management
• ERTMS certification services
• Railway modernization solutions

Headquarters

HQ city

Saint-denis

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Railway Maintenance Services: Ongoing maintenance, repair, and operational support services for railway rolling stock including high-speed trains, regional trains, locomotives, and urban transport.
2. Railway Engineering and Consulting: Engineering services including acquisition support, certification/approval, lifespan management, and optimization of operations for railway equipment.
3. Modernization and Transformation: Upgrading and modernizing existing rolling stock including mid-life renovations, HVAC cabin renovation, door systems, and brake system overhauls.
4. Training Services: Specialized training programs for railway operators to build technical skills in maintenance and operations.
5. Spare Parts Supply: Supply of spare parts for railway maintenance and repair operations.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Masteris offers maintenance and railway engineering services adapted to the needs of customers throughout the lifecycle of their rolling stock equipment. The company delivers 11 service offerings including acquisition support, certification/homologation, operation and maintenance, optimization, lifespan management, spare parts supply, transformation/modernization, repair, dismantling, and training, applied to high-speed trains, regional trains, locomotives, and urban transport systems. As a subsidiary of SNCF Voyageurs, Masteris serves more than 150 railway operator customers worldwide through project-based contracts.

Product overview

MASTERIS is a railway maintenance and engineering services company that offers a comprehensive portfolio of 11 distinct service offerings covering the entire lifecycle of rolling stock. The services are organized into two main categories: solutions addressing specific challenges (Acquisition, Certification, Operation & Maintenance, Optimization, Lifespan Management, Spare Parts, Maintain/Restoring Potential, Transformation/Modernization, Repair, Dismantling, and Training) and solutions tailored to equipment types (High Speed, Regional Trains, Locomotives, and Urban Transport). As a subsidiary of SNCF Voyageurs, the company provides engineering expertise and maintenance services to railway operators worldwide, supporting over 150 customers across more than 50 managed projects.

Differentiator

Problem solved

Functional benefit

Products and services

• Acquisition of New Rolling Stock Advisory and engineering services supporting clients through the acquisition process of new railway rolling stock, from specification to delivery, for railway operators and transport authorities.
• Certify Rolling Stock Certification and homologation services ensuring rolling stock meets regulatory and safety standards for operation, including ERTMS safety equipment installation and approval.
• Operation & Maintenance Comprehensive maintenance services and operational support throughout the equipment lifecycle to ensure reliability and performance for high-speed, regional, locomotive, and urban transport rolling stock.
• Optimization of Operations Services focused on improving efficiency, reducing costs, and optimizing railway operations performance for railway operators.
• Lifespan Management Lifecycle management services to extend the operational life of rolling stock and maximize asset value for railway operators.
• Spare Parts Sourcing and supply of spare parts for railway rolling stock maintenance and repairs.
• Maintain / Restoring Potential Services to maintain or restore the operational potential and functionality of rolling stock for railway operators.
• Transformation / Modernization Modernization and transformation services to upgrade rolling stock with new technologies and improved features, including mid-life renovations, HVAC cabin renovation, door systems, and brake system overhauls.
• Repair Repair services including accident-related repairs and component restoration for railway equipment, such as tram-train accident repair and post-collision expertise engagements.
• Dismantling End-of-life dismantling and decommissioning services for railway rolling stock, completing the full lifecycle coverage.
• Training Specialized training programs for railway operators to build technical skills in maintenance and operations, including skills development for Coradia machines and work trains maintenance.

Quantifiable outcome

• 150+ customers served worldwide
• +2 more outcomes

Named customers15 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and flagship.

• HexafretcoreStrategic or Co-development Partner · 1 January 2024Hexafret engaged MASTERIS in 2024 to provide regulatory monitoring services covering all countries where Hexafret operates (Germany, Spain, and Italy). After a successful first year, Hexafret extended the regulatory monitoring contract in 2025. MASTERIS provides synthetic regulatory compliance reports.
• SNCF VoyageursflagshipStrategic or Co-development PartnerMASTERIS is a subsidiary of SNCF Voyageurs, bringing the know-how and expertise of France's national railway operator to serve all railway players. This parent company relationship provides MASTERIS with deep institutional knowledge, regulatory expertise, and credibility in the railway industry. CEO Rémi Peltier leads the company under this umbrella.
• SETER (Senegal)coreStrategic or Co-development PartnerSETER Technical Manager in Dakar engaged MASTERIS to improve skills of teams in lifting Coradia machines and work trains. MASTERIS responded quickly and effectively to expectations, enabling independent incident response far from major European rail networks.
• SNCF Group CSR StrategycoreStrategic or Co-development PartnerMASTERIS participates in the joint commitments of the 2020-2030 CSR strategy of the SNCF group and SNCF Voyageurs. As a key player in sustainable mobility development, MASTERIS is committed to the common good and economic development in territories and with partners.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Renfe Fabricación y Mantenimiento: Spanish state railway's in-house manufacturing and maintenance division, serving Iberian rolling-stock fleets with maintenance, renovation, and certification services. Comparable to Masteris in ECM-certified, multi-segment rail MRO and a competitor for Iberian and Francophone public tenders.

Direct peers

• Talgo: Spanish high-speed and very-high-speed train specialist with a maintenance services portfolio. Comparable to Masteris in lifecycle engineering for high-speed fleets and in addressing Iberian and international operators.
• Stadler Rail: Swiss rolling-stock manufacturer with a growing service and modernization business for regional trains, locomotives, and urban transport. Closely comparable to Masteris in addressing European regional and urban operator service needs.
• Wabtec Corporation: Global rail equipment and services provider covering freight locomotives, transit, and digital solutions. Overlaps with Masteris in locomotive maintenance, modernization, and component overhaul services in Europe.
• Knorr-Bremse: World-leading supplier of braking and other rail systems with a service and modernization business. Comparable to Masteris in brake overhauls (e.g., SIRIO brakes in Florence) and component lifecycle services across European rolling stock.
• Construcciones y Auxiliar de Ferrocarriles (CAF): Spanish rail OEM with active service, maintenance, and modernization divisions across Europe, including high-speed, regional, and urban transport. Directly comparable to Masteris in servicing European public-sector operators.
• Vossloh: German rail technology group active in rail infrastructure, switches, and lifecycle services. Comparable to Masteris in providing engineering and maintenance services to European rail networks with a focus on durability and lifecycle value.

Broad incumbents

• Hitachi Rail: Global rail solutions provider covering rolling stock manufacturing, signaling, and after-sales services. Competes with Masteris in maintenance, modernization, and digital services for European fleets, with deeper capital and a wider product portfolio.
• Alstom: Global rail OEM offering integrated rolling stock plus extensive MRO, modernization, and signaling services. Competes with Masteris on lifecycle services for high-speed, regional, locomotives, and urban transport in Europe and globally, but as part of a much broader portfolio.
• Siemens Mobility: Division of Siemens offering trains, rail infrastructure, and rail services including maintenance, modernization, and digital fleet management. Overlaps with Masteris across high-speed, regional, and urban transport service contracts in Europe.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Masteris_Rail

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Masteris