05:27:37 EDT Tue 22 Oct 2024
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Atkinsrealis Group Inc
Symbol ATRL
Shares Issued 175,136,116
Close 2024-09-16 C$ 50.28
Market Cap C$ 8,805,843,912
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Atkinsrealis to upgrade, digitize U.K. rail signalling

2024-09-16 15:31 ET - News Release

Mr. Ian Edwards reports

ATKINSREALIS APPOINTED TO UPGRADE AND DIGITIZE UK RAIL SIGNALLING OVER 10 YEARS

Atkinsrealis Group Inc. has been appointed by United Kingdom rail infrastructure owner Network Rail to upgrade and digitize the country's signalling over the next 10 years.

Network Rail's four-billion-British-pound Train Control Systems Framework is a decade-long initiative to upgrade signalling across its 20,000-mile network. The framework comprises two categories: digital and conventional signalling. Atkinsrealis has secured two of the eight contracts awarded across both categories, working independently on conventional signalling and partnering with CAF to deliver digital signalling.

"This landmark framework represents a significant step forward in modernizing the U.K.'s rail infrastructure," said Ian L. Edwards, president and chief executive officer of Atkinsrealis. "Our expertise in both conventional and digital signalling positions us well to contribute to increased reliability and efficiency across Britain's railway network, supporting the industry's transformation towards a more sustainable and high-performing future."

The framework forms part of Network Rail's ambitions to modernize the United Kingdom's rail network and ensure greater reliability and safety through a combination of traditional signalling and digital control.

"This framework appointment demonstrates the strong momentum of our rail business and cements our position as a market leader of high-quality signalling services in the U.K.," said Richard Robinson, president, United Kingdom and Ireland, Atkinsrealis. "We are known for our expertise in European train control system technology and ability to create a collaborative environment across the supply chain, which are both crucial for delivering complex projects such as digital signalling for the TransPennine route upgrade."

Atkinsrealis's appointment to this framework builds on its extensive experience in rail and signalling, including continuing United Kingdom projects such as the resignalling scheme southeast of London and its role as railway system integration partner for the East Coast Digital Program, the United Kingdom's first intercity digital railway.

About Atkinsrealis Group Inc.

Created by the integration of long-standing organizations dating back to 1911, Atkinsrealis is a world-class engineering services and nuclear company dedicated to engineering a better future for the planet and its people. The company creates sustainable solutions that connect people, data and technology to transform the world's infrastructure and energy systems. The company deploys global capabilities locally to its clients and delivers unique end-to-end services across the whole life cycle of an asset, including consulting, advisory and environmental services, intelligent networks and cybersecurity, design and engineering, procurement, project and construction management, operations and maintenance, decommissioning, and capital. The breadth and depth of Atkinsrealis's capabilities are delivered to clients in strategic sectors such as engineering services, nuclear and capital.

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