On August 11 AEA Technology announced that it was to focus on environmental consultancy, and had entered into a conditional agreement to sell its rail business to investment firm Vision Capital.
As well as AEA’s rail activities in Britain, France, Spain and the Netherlands, the deal includes energy-sector companies Kinectrics. ESI and WMT. To minimise costs the subsidiaries will be sold in a single transaction, with net proceeds put at £33·3m. n
INDIA: Spain’s Ministry of Transport & Sustainable Mobility has signed a memorandum of understanding to support Indian Railways in developing and upgrading its network. The initial agreement runs for five years, when a number of pilot projects are envisaged, to be followed by automatic annual renewals. ...
UK: The annual Rail Business Awards which recognise and reward excellence across every aspect of the industry will be back in Manchester in 2025.
INTERNATIONAL: ‘Beware of trains. Life can change in a split second’ is the slogan for the 16th International Level Crossing Awareness Day, which this year has a particular emphasis on the safety of vulnerable people. Around 50 countries take part in the annual ILCAD campaign which ...
