Balfour Beatty, the international engineering, construction and services group, announces today that it has completed the acquisition of Edgar Allen, the UK rail track products manufacturer, from Carillion for a net cash consideration of £9.5 million.
Edgar Allen manufactures switches, crossings and other rail track products. Its acquisition will strengthen Balfour Beatty’s position as a specialist in the design, manufacture, supply and installation of track products in the UK and overseas.
In 2004, Edgar Allen had sales of £25 million and profits before tax of £2.1 million.
Enquiries to:
Tim Sharp
Tel: 020 7216 6884
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