RailWorks Corp has been acquired by its management and private equity firm Wind Point Partners. They purchased the business in May from MatlinPatterson Global Opportunities Partners, which had owned the North American track and infrastructure construction and maintenance company since 2002.
Wagon manufacturer W H Davies has expanded its UK maintenance activities with the formation of Davis Wagon Services Ltd. The company's brakes division has been appointed UK and East Africa agent of Italian manufacturer Poli and Macedonian subsidiary MZT Hepos.
Engineering and consultancy group URS Corp has announced the acquisition of Washington Group International in a $2·6bn cash and shares deal which the companies expect to close in the second half of this year.
VAE Nortrak North America Inc is expanding its pre-stressed concrete sleeper manufacturing facility in Cheyenne, Wyoming, spending $4·7m to acquire and modernise two buildings.
EUROPE: The EU Agency for Railways has launched ERA Railway Factsheets, giving what it calls ‘a comprehensive overview of the rail sector across European countries with one-click access’. Covering aspects such as transport statistics, railway organisations, rolling stock, infrastructure, safety, market structure, and the legal framework, ...
UK: ‘We in the rail sector must be objective and honest about what we are good at’, Network Rail Chief Executive Andrew Haines told a conference in Birmingham on October 3, as he reflected on how the industry can plot its way through the uncertainty of the post-Covid period.
EUROPE: Senior figures from across the UK rail sector came together at the Rail Partners with Ukraine event to hear how national railway Ukrzaliznytsia is keeping trains running under wartime conditions, and to raise money to fund food parcels for Ukrainian railway workers and their families. ...