On August 11 AEA Technology announced that it was to focus on environmental consultancy, and had entered into a conditional agreement to sell its rail business to investment firm Vision Capital.

As well as AEA’s rail activities in Britain, France, Spain and the Netherlands, the deal includes energy-sector companies Kinectrics. ESI and WMT. To minimise costs the subsidiaries will be sold in a single transaction, with net proceeds put at £33·3m. n