News Releases
Balfour Beatty completes the acquisition of Edgar Allen
30 Mar 2006Balfour 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.
ENDS
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Tim Sharp
Tel: 020 7216 6884
