Loram Maintenance of Way, Inc., is the new owner of Finland-based Roadscanners Oy Rail Division business after a May 2 acquisition.
Loram announced the purchase, which included its Rail Doctor software and related intellectual property rights. Roadscanners specializes in developing tools and services for road and railway infrastructure asset management, officials said.
Mika Silvast, managing director of Loram Finland, has been working closely with the HyGround division of Loram since 2006.
“We’re excited to finally have Mika and his very clever team join the Loram family,” said Dr. James Hyslip, Loram’s chief engineer civil. “Roadscanners’ expertise and its cutting-edge analysis software have been instrumental in the acceptance and growth of ground penetrating radar in the railroad industry, both in North America and world-wide.”
Following the sale, Roadscanners Oy continues its business in other sectors, including its Road Division and Software and Hardware Division, in the field of road, street, bridge and airport condition surveys, diagnostics and asset management, Loram said.
Roadscanners will also carry on with investing in ITS related research and development work.
The acquisition will allow Loram the opportunity to advance our Mission to deliver advanced equipment, innovative solutions, and unrivaled customer service in a safe and reliable manner to maintain and improve railway infrastructures around the globe.
“We are excited to welcome the railway division of Roadscanners Oy to the Loram family to help grow our vision of being respected globally as the leader in the railway infrastructure markets we serve,” Loram said in a statement.