Talgo, S.A. engages in design, manufacture, and maintenance of railway and auxiliary machinery for the maintenance of railway systems rolling stock worldwide. The company offers high speed, intercity, commuter and regional, and locomotive railway products. It is also involved in the manufacture, delivery, and maintenance of commercialized rolling stock, auxiliary and other, machines, such as pit lathes, measuring equipment, and shunting cars, as well as rolling stock renovations/remodelling. Talgo, S.A. was formerly known as Pegaso Rail International, S.A. The company was founded in 1942 and is headquartered in Madrid, Spain.