USA: Loram Maintenance of Way announced on February 6 that it had reached a definitive agreement to acquire the outstanding shares in Georgetown Rail Equipment Co. The transaction is expected to close in mid-February.
‘The merger with GREX, a market leader in material handling and track inspection technologies, strengthens our core business and enhances our strategic capabilities for serving the global railway infrastructure market’, said Loram CEO Phil Homan.
UK: Debbie Francis has been appointed as Managing Director of Loram UK, where she will oversee the delivery of its first grinding machines built in the UK and lead expansion across Europe and the Middle East; Loram has recently won a significant contract with Etihad Rail ...
UK: Network Rail has awarded Loram two contracts totalling £25m for the support of its infrastructure monitoring vehicle fleet. The first contract covers the maintenance of 65 vehicles which Network Rail uses for the digital measurement and analysis of track and structure assets. The second contract ...
USA: Loram Technologies is to build a $17m research and development centre in Georgetown, Texas. The railway maintenance and services company expects to employ 310 people at the site, including 150 new positions. Loram Technologies President Greg Grissom said the company’s vision was to build on ...
