Rail

L.B. Foster to acquire Balfour Beatty unit, FWO

Posted on October 29, 2014

Pittsburgh, Pa.-based L.B. Foster Co. today announced an agreement to acquire the railroad tuning unit, FWO, of Balfour Beatty Rail GmbH. The German business provides track lubrication and switch roller equipment for international railway applications.

"FWO railway products will complement and expand L.B. Foster's existing line of friction management and track products," said Robert Bauer, L.B. Foster President/CEO. "This acquisition will undoubtedly enhance L.B. Foster's rail activities in Europe."

"The FWO ESA Electronic Track Lubricating system and associated specialist knowledge of wheel/rail interaction is an ideal fit with L.B. Foster's existing solution portfolio, marketing expertise and R&D competencies," noted Peter Jones, Managing Director, L.B. Foster Rail Technologies (UK) Ltd. The FWO business unit currently employs a team based in Bochum (Nordrhein-Westfalen, Germany) and has established sales in Europe and South America. Mr. Jones went on to say that, "I am delighted that the key employees in this business have decided to join the L.B. Foster team and help strengthen our position in the European market".

View comments or post a comment on this story. (0 Comments)

More News

DART awards $783M design-build contract for Cotton Belt Commuter line

The 26-mile line will stretch across North Texas from Dallas Fort Worth International Airport to Plano, and it will connect northern areas of Tarrant, Dallas, and Collin counties.

WMATA extends, improves 'Rush Hour Promise' to riders

The service guarantee has credited back approximately $1 million for more than 277,000 trips with delays greater than 15 minutes.

London Tube travel linked to the spread of flu-like illnesses

Study discovered higher rates of airborne infections in Londoners that have longer subway journeys through busier terminals.

Bombardier wins bid to build new NJ TRANSIT railcars

The order for 113 Multilevel III passenger vehicles, the largest order for railcars in recent years by NJ TRANSIT, will allow the agency to replace the oldest railcars in its fleet.

Clever Devices to replace Metra tracking, announcement systems

The contract also calls for a test on 11 cars of an automatic passenger counting system that uses cameras in the entrances.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation