Rail supplier news from Cad Railway, Allied Track, Arup, Holland, Pandrol and Network Rail (Dec. 21)
Cad Railway Industries Ltd. has acquired rail-car repair company Caltrax Inc. The transaction will enable Quebec-based Cad to reinforce its freight servicing capabilities and solidify its market position by gaining a network across Canada of on-site repair facilities, Cad officials said in a press release. In addition, Caltrax's mobile repair service units are expected to boost Cad's customer service. Financial details of the acquisition were not disclosed.
Canadian rail contractor Allied Track Services has acquired Pittsburg Bottom Line Co., a Texas-based railroad bridge contractor. RR Mergers & Acquisitions advised Pittsburg Bottom Line on the sale. Allied Track Services provides maintenance of way and other related rail services from four locations across Canada, according to a press release issued by RR Mergers. Financial terms of the acquisition were not disclosed.
Copyright
© © TradePress Media Group, Inc.