UK contractor Balfour Beatty has agreed to buy Adtranz Rail Electrification for $105M. The move according to Balfour Beatty’s managing director looks set to springboard the company to a premier position in the international railroad engineering business. Adtranz, the Berlin-based railroad engineering business of Daimler Chrysler, is active mainly in the European sector and deals in the rolling stock and additional services industry.
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