10/10/2017, 07:00
| Ad hoc announcement pursuant to Art. 53 LR
Lausanne ─ Alpiq is acquiring Lundy Projects Ltd., a specialised supplier of catenary systems and signalling structures in the railway infrastructure sector in the UK. With this acquisition Alpiq is becoming the number one for catenary technology in Europe. Alpiq is consistently pursuing its strategy of investing in selected profitable growth areas and consolidating its strong position as a European railway and transport technology specialist.
With the acquisition of Lundy Projects, a British railway contractor headquartered in Stockport with approximately 160 employees at five locations and a strong customer base, Alpiq is gaining access to an important railway market. Great Britain faces a backlog in rail infrastructure investments and its infrastructure must be modernised and expanded in order to facilitate further economic growth. Major Infrastructure programmes that have been initiated including both new high-speed railway lines and the continued electrification of the railway network. The UK expects the already high passenger traffic to double over the next 25 years, which in the near future will require the initiation of complex, long-term infrastructure projects.
Alpiq is optimally qualified as a full-service provider with a comprehensive service offering ranging from planning and construction to the maintenance of entire railway technology and rail power systems. The company can draw on years of wide-ranging experience and skills in the field of transport technology and the electrification of railway lines and other public transportation systems. This includes successfully completed large-scale railway projects such as the Gotthard Base Tunnel as well as current projects such as the Milan-Genoa high-speed railway line and the rail link between Geneva and Annemasse.
With the acquisition of Lundy Projects Alpiq is expanding its service offering and know-how in the fields of design, manufacturing and assembly of catenary systems and signal structure solutions. The acquisition will make Alpiq the number one for catenary technology in Europe. Contract signing and closing of the transaction took place at the beginning of October 2017 in Manchester. The parties have agreed not to disclose the purchase price.
With the acquisition Alpiq is consistently following its strategy of investing in selected profitable growth areas and consolidating its strong position as a European transport technology specialist.
More information about Alpiq: www.alpiq.com More information about Lundy Projects: www.lundy-projects.co.uk