Strukton Rail increases stake in Italian rail contractor CLF
11 January 2019
Strukton Rail 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 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.
Italian tracklayer machine with Italian crew working on track renewal project in Gouda in the summer of 2018 on behalf of ProRail / photo credits Gerrit Serné
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 EUR 167 million in 2017.
Strukton Rail and CLF have been working closely together in the past years in the field of both mechanisation and digitisation. The companies exchange their specialized high-output machinery for fast and optimal construction, renewal and maintenance. CLF’s crew and machines have been successfully employed in several Strukton projects in Denmark and the Netherlands in the past years. More recently, CLF has been adopting Strukton-powered smart maintenance tools in Italy such as Dual Inventive’s IoT sensors.