Loram Maintenance of Way, Inc. is pleased to announce its wholly owned Australian subsidiary, Loram Pty Ltd., has completed the previously announced acquisition of the rail grinding business of Aurizon Operations Ltd. With this Acquisition, Loram is proud to have increased its number of Australian customers to which it provides rail grinding services by four, including all mainline and turnout rail grinding for Aurizon Network Pty Ltd.
“This acquisition is a step-change in Loram’s continued expansion as a respected leader in railway maintenance contract service operations globally,” said Phil Homan, Loram’s President and CEO. “Loram will now deliver its unrivalled customer service to Australasia and Southeast Asia with the strength of our experienced Australian leadership team from its base in Brisbane.”
Loram is the original equipment manufacturer of the acquired fleet of rail grinders and has technical expertise operating its advanced equipment for customers in numerous countries. In addition to rail grinding, Loram delivers solutions for ballast maintenance, material handling, friction management, and automated track inspection.
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