Emepa Group S.A. is an Argentine manufacturer of railway vehicles and owner of Ferrovías, with headquarters located in the city of Buenos Aires. It had formerly owned Ferrocentral, which ran services from Buenos Aires to Córdoba and San Miguel de Tucumán on the Mitre Network, however the state-owned company SOFSE took over these services in 2014 and the subsidiary now remains inactive.

Ferrovías S.A.C. is a privately owned company which, on 1 April 1994, took over the concession, granted by the Argentine government as part of railway privatisation during the presidency of Carlos Menem, for the operation of the 1,000 mm Belgrano Norte Line commuter rail service in Buenos Aires, Argentina.