07 Aug 2018 | 05:32 pm |
International law firm Pinsent Masons has advised Laing O’Rourke Australia on its sale of Austrak to Vossloh
Laing O’Rourke Australia has agreed to sell its concrete rail sleeper manufacturing specialist business to Vossloh Australia, subsidiary of global rail technology company Vossloh AG. The purchase price of the transaction upon closing is approximately AU$50.5 million.
Austrak was founded in Australia in 1982 and since 2006 has been a fully-owned subsidiary of Laing O’Rourke. The business has been recognised as a leader in the provision of concrete sleepers to the rail industry across Australia.
The Pinsent Masons team acting on the transaction was led by partner Ewan Robertson and associate Lucy Carter.
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Multinational law firm Pinsent Masons has announced today that it has been named as a supplier on Crown Commercial Service’s Legal Panel for Government framework on Lot 2- Major Project and Complex Advice.
Multinational law firm Pinsent Masons has advised Great British Energy (“GBE”), the National Wealth Fund (“NWF”) and the Scottish National Investment Bank (“SNIB”) on their acquisition of a stake in Pentland Offshore Wind Farm from Copenhagen Infrastructure Partners (“CIP”) and agreed to provide an aggregate investment of up to £150,000,000 in the project.
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