View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
November 3, 2016

M&As this week: Giffen Holdings, Genesee & Wyoming (G&W)

Rail signalling and electrical building services provider Giffen Holdings has been acquired by infrastructure engineering firm Renew for £5m ($6.23m) in issued share capital.

Rail signalling and electrical building services provider Giffen Holdings has been acquired by infrastructure engineering firm Renew for £5m ($6.23m) in issued share capital.

In addition, there will be the payment £2m ($2.49m) for redeeming loans from the Giffen’s private equity owners.

Following the acquisition, Giffen will continue with the management team but will report to Renew's rail infrastructure business, Amco Rail, which with the newly added complementary skills of the acquirer will offer expanded range of services across the rail network.

"It will also create new opportunities for the group to serve London Underground."

It will also create new opportunities for the group to serve London Underground. 

American short-line railroad holding company Genesee & Wyoming (G&W) has bought Providence and Worcester Railroad Company (P&W) for $126m.

The acquisition will make P&W part of G&W’s north-east region and enable the acquirer to offer better services to its customers and Class I partners in New England.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The railway industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Railway Technology