Australia: Evans Deakin Industries has abandoned its attempt to takeover Australian National Industries (RG 1.99 p51) and will sell the 18% of ANI shares it has acquired to rival bidder Smorgon Steel.
Czech Republic: Construction company Subtera Praha has purchased a 90% stake in track maintenance contractor Stavební obnova zeleznic, which has operated the Sumperk - Sobotín route since May 1 1998 after rehabilitating it (RG 7.98 p441).
Germany: Shareholders in Adtranz have approved a DM600m increase in capital as part of a restructuring to improve profitability (RG 12.98 p836).
Sanivac Vakuumtechnik GmbH has been acquired by Evac International Oy of Finland.
Ebac Ltd of Great Britain has bought out its German partners to secure a controlling interest in Ebac GmbH. Ebac Ltd previously held 49% of the company.
Great Britain: TEW Control & Display Systems has formed a Rail Division specialising in mosaic mimic panels, dynamic information displays and large-screen projection systems for control rooms.
Westinghouse Air Brake Co of the USA has consolidated its Vapor UK and Stone UK operations into a new 1672m2 facility at Burton on Trent, which will remanufacture air-conditioning and door systems, and house the Service Group responsible for installation and servicing.
Switzerland: Alusuisse Airex Composites has taken over the marketing, sales, project management and engineering functions of Schindler Technik AG’s filament winding technology business in Altenrhein. Production functions will pass to Alusuisse Airex when it moves into a new facility adjacent to Schindler in mid-1999.
USA: The L B Foster Company has signed a letter of intent to purchase the fixed-plant assets of rail welding specialist Holland Company.
MotivePower Industries has signed an agreement to acquire G&G Locotronics Inc for US$18m. The company manufactures microprocessors for traction applications, high-voltage electrical cabinets and control stands.
RailWorks Corp has agreed in principle to buy MidWest Railroad Construction & Maintenance Corp, maintenance equipment lessor FCM Rail Ltd and Walpar Inc, which manufactures signal masts.