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- Pre-1996 - The UK’s largest private rail contractor - international focus
- 1996 - Acquires three British Rail infrastructure units
- 2000 - Acquires Adtranz Fixed Installations
- 2000 - Acquires Marta, Metroplex and ABC Naco in the USA
- 2001 - Acquires railway electrification division ABB in Italy and Knox Kershaw in the USA
- 2002 - Metronet Rail formed - a consortium of Balfour Beatty, Atkins, Bombardier, EDF Energy and RWE Thames Water
- 2004 - Acquires ABB Gebäudetechnik in Germany
- 2004 - Acquires Bombardier Transportation’s UK SSI Signalling resource
- 2005 - Acquires SBB the specialist German signalling contractor
- 2006 - Acquires Edgar Allen Limited, UK cast manganese trackwork
- 2007 - Acquires SAAB Signalling (Sweden), Carillion Rail's Swedish and Danish operations and Laser Rail in the UK
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