Latest Rail News

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.

Tell us what you think – have your say below, or email us directly at [email protected]

Comments

There are no comments. Why not be the first?

Add your comment

related

Rail industry Focus

View all News

Comment

The challenge of completing Crossrail

05/07/2019The challenge of completing Crossrail

With a new plan now in place to deliver Crossrail, Hedley Ayres, National Audit Office manager, major projects and programmes, takes a look at ho... more >
Preparing the industry to deliver trains for the future

04/07/2019Preparing the industry to deliver trains for the future

The move to decarbonise the rail network involves shifting to cleaner modes of traction by 2050. David Clarke, technical director at the Railway ... more >

'the sleepers' blog

On the right track, Sulzer is awarded RISAS accreditation for Nottingham Service Centre

29/06/2020On the right track, Sulzer is awarded RISAS accreditation for Nottingham Service Centre

Following an independent audit, Sulzer’s Nottingham Service Centre has been accepted as part of the rail industry supplier approval scheme (RISAS). The accreditation reinforces the high-quality standards that are maintained by Sulzer’s... more >
read more blog posts from 'the sleeper' >

Interviews

Andrew Haines, CE of Network Rail, tells BBC News his organisation could issue future rail franchises

24/06/2019Andrew Haines, CE of Network Rail, tells BBC News his organisation could issue future rail franchises

Andrew Haines, the Chief Executive of Network Rail, has told the Today programme on Radio 4's BBC’s flagship news programme that he would not rule out his organisation issuing future r... more >
Advancing the rail industry with management degree apprenticeships

08/05/2019Advancing the rail industry with management degree apprenticeships

In answering the pressing questions of how current and future generations of managers can provide solutions to high-profile infrastructure projects across the UK, Pearson Business School, part of... more >