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 awards $40M contract for 'Long Slip' rail project

When completed, the project will allow the agency to operate train service longer leading into, and recover more quickly from, storm events.

Valley Link feasibility report approved by Calif. rail board

Phase 1 of the proposed rail service would cover 41 miles connecting the existing Dublin/Pleasanton BART Station to the proposed ACE North Lathrop Station.

NJ TRANSIT seeks partners to advance TOD projects near light rail

The 37-mile River LINE right-of-way includes 21 station areas across 15 municipalities.

N.Y. MTA report finds subway can speed up by as much as 50%

An agency task force initiated a study that would lead to faster trains while prioritizing customer and employee safety.

Metra's proposed 2020 budget includes $480M in capital spending

Funding will make major investments in locomotives and railcars, stations, bridges, and yards.

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