Netherlands-based rail technology company Strukton Rail has announced that it will expand its stake in Italian railway contractor Construzioni Linee Feroviarie (CLF) from 40% to 60%.
The remaining 40% share will remain with Italian construction company Unieco.
CLF, of which Strukton Rail has been a shareholder since 1998, has been responsible for the maintenance, renewal and construction of rail systems in Italy, south-east Europe and North Africa.
Along with its subsidiaries Sifel and Arfer, CLF provides services to different rail sectors, such as construction, electrification, signalling and telecommunications.
CLF recently completed the construction of the Milan-Bologna high-speed rail line, as well as major railway renewal projects on the main lines in northern and mid-Italy and the Alp Transit.
Strukton Rail’s expanded stake is part of its aim to strengthen and expand its presence as a full-service provider of rail systems in six European countries.
Image: With the acquisition of an additional 20% stake in CLF, Strukton Rail intends to expand its presence as full-service provider of rail systems in six European countries. Photo: courtesy of Strukton Rail.