The company, in which they both hold a 50 per cent stake, was founded to draw on the signalling systems experience of both partners and deliver solutions worldwide.
The new structure will undertake contracts to deliver signalling planning, design, product supply, installation, testing and commissioning for all types of railways. It will be responsible for projects worth more than worth more than €100m. Approximately 340 people from Alstom and Balfour Beatty will work for the new company.
The company plans to provide the growing railway signalling markets in the UK and Ireland, worth a total amount of €720m, with complete solutions. The company already has several projects of re-signalling and enhancement in the pipeline.
Philippe Mellier, president of Alstom Transport, said: ‘This joint venture symbolises a real alliance between Alstom Transport and Balfour Beatty to better serve our customers. We are fully committed to supporting Signalling Solutions in its work ahead.’
Manfred Leger, Balfour Beatty Group’s managing director responsible for rail engineering and services, said: ‘The combined strengths of Alstom and Balfour Beatty make this company a one-stop shop with a highly experienced workforce able to understand and deliver the complex systems of today’s signalling technology.’