Balfour Beatty Completes Sale of US Track Solutions Activities to Rhomberg Sersa Rail Group | Companies

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DALLAS – (BUSINESS WIRE) – Sept. October 2021–

Balfour Beatty today announced the sale of its US Track Solutions business to Rhomberg Sersa Rail Group (RSRG) for $ 7.25 million.

The Track Solutions activities, with annual sales of $ 10 million, provide niche rail services, including track inspection, ballast cleaning and substructure management, as well as equipment and technology for private and public rail customers. This is in line with RSRG’s technology and service focus across Canada and the United States

Balfour Beatty’s strategy for the US rail sector continues to focus on key operational rail services, including large capital programs, traction power, and operations and maintenance (O&M) services. The company is one of the eight leading local transport and railway companies in the country (pro by Engineering News Record Annual Sourcebook List) and builds some of the most complex and innovative rail projects in the US

Leon Blondin, CEO of Balfour Beatty US, said: “This transaction supports our further concentration on our core business in rail transport with capital programs and traction power and at the same time strengthens the know-how and the possibilities of the Track Solutions team.”

The sale was completed on October 29, 2021.

About Balfour Beatty

Balfour Beatty is an industry leading provider of general contractors, high risk construction management and design-build services to public and private clients in the United States. The company carries out heavy civil engineering, rail and vertical construction and is part of Balfour Beatty plc (LSE: BBY), a leading international infrastructure group providing innovative and efficient infrastructure that supports our daily lives, supports communities and enables economic growth. Balfour Beatty is among the leading domestic contractors in the United States of America Engineering news record. To learn more, visit www.balfourbeattyus.com.

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KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEY: COMMERCIAL & REAL ESTATE & REAL ESTATE CONSTRUCTION RAIL URBAN PLANNING OTHER CONSTRUCTION & REAL ESTATE TRANSPORT MANUFACTURING

SOURCE: Balfour Beatty

Copyright Business Wire 2021.

PUB: 10/29/2021 11:11 AM / DISC: 10/29/2021 11:11 AM

http://www.businesswire.com/news/home/20211029005382/en

Copyright Business Wire 2021.


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