Talgo, S.A. designs, manufactures, and maintains railway rolling stock and auxiliary machinery for railway systems worldwide. Its products include high-speed, intercity, commuter and regional, and locomotive trains. The company also manufactures, delivers, and maintains commercialized rolling stock, auxiliary machines such as pit lathes, measuring equipment, and shunting cars, and provides rolling stock renovations and remodelling. It was formerly known as Pegaso Rail International, S.A., was founded in 1942, and is headquartered in Madrid, Spain.