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Balfour Beatty has sold its 50% share of Signalling Solutions Ltd (SSL) to joint venture partner Alstom.
SSL was established in 2007 as a 50:50 joint venture between Balfour Beatty and Alstom to provide advanced signalling solutions to the UK’s rail sector.
A Balfour Beatty spokesperson said: “The sale of our stake in the SSL joint venture is further evidence of the progress we are making as we deliver our Build to Last programme, both in simplifying the group and maintaining a strong balance sheet through self-help. Exiting SSL will allow our rail business to focus fully on its core expert strengths.”
