Thursday, January 05, 2012

ENSCO, Inc., restructures, forms rail subsidiary

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ENSCO, Inc., has initiated the corporate restructuring of several of its key businesses and international activities. This restructuring will allow these businesses to increase their concentration within their distinct market areas and better manage corporate liability.

Greg Young, ENSCO's president and CEO stated, "We are excited about this important realignment within the company to bring better focus and attention to these critical business areas. This allows us to reduce distractions and provide even better customer service, build company branding and offer a higher level of quality development and service to our growing base of customers."

To benefit ENSCO's worldwide, rail engineering products and services business, the company has formed a wholly owned subsidiary, ENSCO Rail, Inc., which is headquartered in Falls Church, Va. All current Applied Technology and Engineering division commercial business will migrate to this subsidiary, along with ENSCO's current international security products and service offerings within the MicroSearch product line. The migration will initiate with Track Inspection Services and MicroSearch.

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