28.05.15
Alstom takes sole ownership of SSL
Balfour Beatty has sold its 50% interest in 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.”
Alstom has announced that the company will continue to trade as SSL for the foreseeable future.
Terence Watson, president of Alstom UK, said: “Alstom will use this fantastic opportunity to strengthen its activities in UK, which include rolling stock, infrastructure, electrification and signalling – and contribute to build a better railway. The company is looking forward to further collaborating with Network Rail, Crossrail, HS2 and the British supply chain in delivering the state-of-the-art signalling technologies that will deliver the railway’s digital future.”
Signalling Solutions had a major presence at the recent Railtex exhibition at the NEC, right next to Alstom’s stand.
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