Strukton Rail has acquired the remaining 40% stake in Italian rail contractor Costruzioni Linee Ferroviarie (CLF) Group from Unieco.
Banco BPM served as arranger for the financing of the deal.
Lead by CLF, the group is composed of subsidiary and affiliated companies UNIFERR, SIFEL and engineering firm TES.
The group focuses on design, building, maintenance and rehabilitation of railway, underground and tramway lines in Italy. It also works in Algeria, Morocco, Venezuela and Bulgaria.
CLF Group employs around 667 people and reported a turnover of €167m in 2017. It has offices in Bologna, Alessandria and Spigno Monferrato.
Strukton Rail became a shareholder of CLF in 1998 and acquired a majority stake in the company in 2013.
The firms have worked together in mechanisation and digitisation to deliver optimal construction and maintenance services.
Strukton has deployed CLF’s crew and machines in multiple projects in Denmark and the Netherlands. CLF also started utilising Strukton-delivered smart maintenance tools in Italy including Dual Inventive’s IoT sensors.
Strukton Rail is engaged in providing cross-border solutions in rail infrastructure, railway vehicles and mobility systems industry segments.
Last month, Strukton secured the contract for the Rijswijk-Rotterdam DS1 Track and Civil Engineering Works in the Netherlands from ProRail. The project is expected to be completed in 2024.
The contract was part of ProRail’s High-Frequency Track Upgrade Programme.