Business

Loram buys RVEL as a basis for European expansion

By 2016-07-29T07:00:00

Loram Maintenance of Way Inc announced on July 28 that it had acquired full ownership of Derby-based RVEL.

UK: Rail head treatment and rolling stock engineering services company Loram Maintenance of Way Inc announced on July 28 that it had acquired full ownership of Derby-based rolling stock engineering and operating company RVEL. This builds on the US firm’s acquisition of an initial 51% stake in September 2014.

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