30th Mar 2006 15:15
Balfour Beatty PLC30 March 2006 30 March 2006 BALFOUR BEATTY COMPLETES THE ACQUISITION OF EDGAR ALLEN ======================================================= Balfour Beatty, the international engineering, construction and services group,announces today that it has completed the acquisition of Edgar Allen, the UKrail track products manufacturer, from Carillion for a net cash consideration of£9.5 million. Edgar Allen manufactures switches, crossings and other rail track products. Itsacquisition will strengthen Balfour Beatty's position as a specialist in thedesign, manufacture, supply and installation of track products in the UK andoverseas. In 2004, Edgar Allen had sales of £25 million and profits before tax of £2.1million. ENDS Enquiries to: Tim SharpTel: 020 7216 6884www.balfourbeatty.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Balfour BeattyCarillion Plc