Swietelsky AG completed the acquisition of Harry Needle Railroad Company.

Swietelsky AG, a construction company, completed the acquisition of Harry Needle Railroad Company, a rail vehicle leasing company. Financial terms were not disclosed. "This strategic step not only enables us to expand our market position in the area of operate and maintain contracts for Network Rail, but also to significantly increase our capacities for machine overhauls and future innovations such as the conversion of rail vehicles to European train control systems," Peter Krammer, Swietelsky AG CEO.