Turbo Genset was renamed Turbo Power Systems with effect from July 19.

Having acquired valid acceptances in respect of 83·28% of the issued share capital, on July 24 Balfour Beatty declared its recommended cash offer for Birse Group plc to be ’unconditional in all respects.’ Birse is to be de-listed from the London Stock Exchange and re-registered as a private company.

On July 31 Wabtec Corp announced that its board of directors had authorised the repurchase of up to $50m of the company’s outstanding shares. President Albert J Neupaver said this reflects ’confidence in our long-term prospects’.