Balfour Beatty sells its 50% shareholding in Signalling Solutions Ltd
28 May 2015
Balfour Beatty, the international infrastructure group, today announces the sale of its 50% interest in the joint venture, Signalling Solutions Ltd (SSL) to Alstom, making Alstom the sole owner of the Company.
SSL was established in 2007 as a 50:50 joint venture between Balfour Beatty and Alstom to provide advanced signalling solutions to the UK’s rail sector.
A Balfour Beatty spokesperson said:
“The sale of our stake in the SSL joint venture is further evidence of the progress we are making as we deliver our Build to Last programme, both in simplifying the Group and maintaining a strong balance sheet through self-help. Exiting SSL will allow our rail business to focus fully on its core expert strengths.”
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Notes to editors:
Balfour Beatty www.balfourbeatty.com is a leading international infrastructure group.
With 36,000 employees, we provide innovative and efficient infrastructure that underpins our daily lives, supports communities and enables economic growth.
We finance, develop, build and maintain complex infrastructure such as transportation, power and utility systems, social and commercial buildings.
Our main geographies are the UK, US, Middle East and South East Asia. Over the last 100 years we have created iconic buildings and infrastructure all over the world including the London Olympics’ Aquatic Centre, Hong Kong’s first Zero Carbon building, the world’s biggest shopping mall in Dubai, the National Museum of the Marine Corps in the US and the Channel Tunnel Rail Link.