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Scandinavia: UK group sells rail operations

 |  December 10, 2013

UK-based infrastructure conglomerate Balfour Beatty announced it reached an agreement to sell its rail business in Scandinavia, inking a deal worth more than $6.5 million.

Strukton Rail BV will acquire the rail operations to expand its current operations, which run within the Netherlands, Belgium, Sweden, Germany and Italy, according to its website.

Swedish competition authorities have already cleared the deal, and the parties expect the merger to close next month. As the merger closes, Balfour Beatty will also be in the process of selling all of its mainland Europe rail operations, including those in Spain, Germany and Italy.

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