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Loram acquires GREX

07 Feb 2018

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.