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

NJ TRANSIT to restore rail services by May 12

The new date is nearly two weeks ahead of the agency’s target date.

NHTSA, FRA launch rail crossing safety campaign

In 2018 alone, 270 people were killed at railroad crossings.

San Diego MTS unveils 5000-series Siemens Trolley cars

The new vehicles represent the third generation of modern, low-floor vehicles, which have been in operation since 2005.

Metra adds state funding for 2 new rail stations

The two stations have been planned for years, however, funding was first held up in the state’s budget woes and then cut in 2017.

Report suggests Cleveland should replace entire rail fleet by 2028

While both fleets have had some level of mid-life rehabilitation, each fleet is exceeding the acceptable 30-year useful life for railcars.

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