Strukton Rail completes takeover of CLF Group
Strukton Rail has announced that it has increased its stake in the Italian rail contractor CLF Group (Costruzioni Linee Ferroviarie) from 60% to 100% by acquiring 40% of the shares from Unieco. Strukton Rail has been a shareholder of CLF since 1998 and became the majority shareholder in 2013.
CLF Group is a leading company in the field of design, construction, maintenance and renewal of railway, underground and tramway lines both in Italy and abroad (Algeria, Morocco, Venezuela and Bulgaria). The company has offices in Bologna, Alessandria and Spigno Monferrato. Its goal is to make rail transport a safe and reliable solution. CLF Group has some 667 employees and realised a turnover of EUR167 million (US$190.39 million) in 2017.
CLF Group is composed by the group leader CLF SpA and its subsidiary and affiliated companies: UNIFERR (Alessandria), S.I.F.EL (Spigno Monferrato in the province of Alessandria) and the engineering company TES (Bologna).
Banco BPM SpA acted as arranger for the financing of this transaction.
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