L.B. Foster Co. announced on Wednesday, Oct. 29, 2014, an agreement to acquire the railroad tuning unit, FWO, of Balfour Beatty Rail GmbH. The German business provides track lubrication and switch roller equipment for international railway applications.
Balfour Beatty has announced it has sold its engineering and design consultancy subsidiary Parsons Brinckerhoff (PB) to WSP Global, Canada, for £820 million, or roughly US$1.35 billion (roughly C$1.5 billion).
L.B. Foster Company has completed delivery of approximately 2,600 tons of 36-inch-diameter steel pipe to Balfour Beatty Infrastructure, Inc. for use as lateral shoring struts in the excavation of San Francisco’s new Transbay Transit Center.