Alstom has signed an agreement to buy Balfour Beatty’s 50% share of Signalling Solutions Ltd (SSL).
SSL was a 50-50 joint venture between the two companies, and was established in 2007 to provide advanced signalling solutions for the UK and Ireland.
The company employs 540 people in four locations, and the move increases Alstom Transport’s UK workforce to 2,500. Its new owners said it will continue trading as SSL for the foreseeable future.
“This acquisition is part of Alstom’s signalling growth strategy and enables the company to take full benefit from its worldwide resources and capabilities. SSL enriches Alstom’s portfolio, both from a geographical and product standpoints”, said Pascal Cléré, senior vice president of Alstom Transport signalling activity, on May 28, when the deal was confirmed.
- For more on this story, see RAIL 776, published on June 10.