HSH Nordbank, ING DiBa, BAML, DVB, Deutsche Bank, Barclays and ABN AMRO are participating in a refinancing of leasing company Beacon Rail Finance (Europe), which is also pooling its rolling stock portfolios in the UK and continental Europe to simplify its management and finance structures.

Tines Capital Group has bought a majority stake in a concrete plant at Koki in Georgia, and plans to invest €10m to manufacture specialist concrete products including track components.

Polish infrastructure manager PKP PLK has announced plans to merge its track maintenance subsidiaries ZRK DOM, PPMT, DOLKOM and PNUIK within two years to improve asset utilisation.

BMAC has acquired fellow road and rail lighting product manufacturer Translec. Both companies will retain their identities pending integration at the BMAC plant in Manchester.