TITLE

AEA Technology exits the rail business

PUB. DATE
August 2006
SOURCE
Rail Business Intelligence;8/24/2006, Issue 276, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of AEA Technology plc to sell a portfolio of companies including AEA Technology Rail. The sale is estimated at £58.3 million. The buyers are to assume £18.1 million of liabilities over pension and post-retirement employee benefit obligations. The sale of AEA Technology Rail was brought by the decline in consultancy revenue as Network Rail has taken more responsibility for engineering in-house. AEA Technology Rail reported an operating loss of £15.2 million in the year to March 31, 2006.
ACCESSION #
22200477

 

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