Alpiq acquires Balfour Beatty Rail SpA
EUROPE: Swiss energy technology company Alpiq has acquired Balfour Beatty’s Italian rail electrification business Balfour Beatty Rail SpA with effect from March 11. The price was not disclosed.
Specialising in the design, procurement, installation and commissioning of main line and urban rail electrification, Balfour Beatty Rail SpA has 120 employees. It is to retain its current organisational structure as it is integrated into the Alpiq EnergTrans SpA brand.
Alpiq said the acquisition was in line with its strategy of reinforcing its presence in transport technology and high and medium-voltage engineering sectors.