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Loram Maintenance of Way announced on February 6 that it had reached a definitive agreement to acquire the outstanding shares in Georgetown Rail Equipment Co. The transaction is expected to close in mid-February.
‘The merger with GREX, a market leader in material handling and track inspection technologies, strengthens our core business and enhances our strategic capabilities for serving the global railway infrastructure market’, said Loram CEO Phil Homan.
This article first appeared on www.railwaygazette.com
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