KELTBRAY ANNOUNCES INTERNATIONAL JOINT VENTURE

Esher 18 April: Keltbray Group; a leading UK specialist business that offers engineering, construction, demolition, decommissioning, remediation, rail, reinforced concrete structures and environmental services, has signed a memorandum of understanding with infrastructure development company Aecon in Canada with a view to developing a Joint Venture in pursuit of contract opportunities on major rail overhead line electrification works in Canada.

About the Strategic Teaming and Consulting agreement which has been signed by Keltbray and Aecon and will take Keltbray overseas for the first time, Aecon Rail Electrification Director for Canada, Dean Frazer, said: “We at Aecon are absolutely delighted in our new Joint Venture with UK partners Keltbray. The businesses complement each other in both knowledge and expertise, and will undoubtedly form an integral part in assisting Infrastructure Ontario with delivering the $11.bn of rail overhead contact system electrification works across Canada over the next ten years.”

Keltbray first entered the rail overhead line electrification market in 2010, and the company has since then developed into a UK leader in this field.

“Our rail overhead line electrification business continues to go from strength to strength, increasing turnover by 11% in 2017. However the immediate future of the UK rail electrification arena looks less certain, and whilst we will maintain our commitment and focus on the UK market, it is only sensible and prudent for us to consider markets overseas which provide a greater degree of certainty in the medium term. Electrification is seen as a cornerstone in Canada’s drive to tackle climate change, and with our track record, we see Canada as a market with major opportunities for Keltbray,” explained Keltbray Group CEO, Brendan Kerr.

Aecon is a well-established construction company, with a long and distinguished reputation for expanding and improving Canada’s transportation and infrastructure networks. From highways to subways, it provides diverse and comprehensive infrastructure services, and has a strong position in the public-private sectors across the country: “I believe our capabilities are a great match. We are in the very early stages of this partnership, but have started to relocate a small team of 10, which will be based in Canada to help us establish and plan for forthcoming tenders and works there over the coming months. While this new venture is exciting, we remain fully committed to winning electrification works and grow our business within the UK, where we continue to see opportunities,” Brendan concluded.

ENDS

Click here for a high res image

For more information, please contact Keltbray’s head of communications, Marit Meyer-Bell, on tel. 0786 765 3392 or by email to marit.meyerbell@keltbray.com

Keltbray Group
Keltbray Group is the UK’s leading specialist business, which offers engineering, construction, demolition, piling, decommissioning, remediation, rail, reinforced concrete structures and environmental services. The company dates back to 1976, employs more than 1500 people, and is a key player in developing and maintaining Britain’s built environment. Keltbray provides services to meet the needs of diverse and complex projects, and its well qualified people take pride in delivering projects safely and efficiently, on time and to budget, and with care for the environment and our communities. Keltbray has contributed to a range of high profile construction projects including The Shard, Queen Elizabeth Olympic Park Stadium, St Pancras International, Crossrail, Earls Court, Battersea Power Station and HS2.