10:32:05 EDT Tue 24 Mar 2026
Enter Symbol
or Name
USA
CA



ATKINREALIS GROUP INC.
Symbol ATRL
Shares Issued 164,494,056
Close 2026-03-23 C$ 92.08
Market Cap C$ 15,146,612,676
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ORIGINAL: AtkinsRéalis awarded £98 million contract to upgrade rail signalling in Wessex, UK

2026-03-24 07:45 ET - News Release

AtkinsRéalis awarded £98 million contract to upgrade rail signalling in Wessex, UK

Canada NewsWire

MONTREAL, March 24, 2026 /CNW/ - AtkinsRéalis Group Inc. (TSX: ATRL), a world-class engineering services and nuclear company with offices around the world, has been awarded a contract worth approximately £98 million by Network Rail, Britain's rail infrastructure owner, to upgrade signalling and telecommunications infrastructure in Wessex, South England.

AtkinsRéalis Logo (CNW Group/AtkinsRéalis)

Over three years AtkinsRéalis will act as principal contractor and designer to deliver full end-to-end design, project management and construction services to upgrade 43 kilometres of railway near Portsmouth. The project will replace obsolete systems - improving reliability and performance - with a target to significantly reduce signalling-related delays.

"Reliable rail infrastructure is fundamental to supporting connectivity and economic growth across regions," said Ian L. Edwards, President and Chief Executive Officer, AtkinsRéalis. "This project will significantly improve network performance, benefiting passengers and freight operators while supporting the modernization of England's rail infrastructure. The scale of this award reflects Network Rail's confidence in our capability to deliver."

"AtkinsRéalis brings deep expertise in rail signalling, covering both conventional and digital technologies, which positions us to meet Network Rail's infrastructure modernization needs," said Chris Ball, President, United Kingdom and Ireland, AtkinsRéalis. "Our track record in the region, combined with our commitment to working collaboratively with the supply chain including SMEs, will support successful delivery of this complex program, improving reliability for communities and businesses across the region."

The Wessex Route connects London with Portsmouth and Southampton, two of England's major ports and industrial centres which serve as gateways for international trade and are receiving significant government investment. The route is part of South Western Railway & Network Rail Wessex's £2 billion investment program to modernize the railway across the South West into London between 2024 and 2029¹.

The project involves the relock and recontrol of the Havant Area Signalling Centre on the Wessex Route to the Basingstoke Regional Operating Centre; spanning 11 stations, 10 interlockings, four level crossings and associated signalling power and telecommunications systems. Work has commenced with engineering, procurement and construction now underway.

As part of the upgrade, AtkinsRéalis will deploy its Advanced Signalling Method (ASM), the first rail systems integration product of its kind to gain formal product approval from Network Rail. The company has previously delivered improvements to the area's signalling through its role in the Southern Integrated Delivery programme as well as the £375 million Feltham & Wokingham signalling upgrade in Southwest London.

The contract was awarded through Network Rail's £4 billion Train Control Systems Framework, which AtkinsRéalis secured a place on in September 2024.

AtkinsRéalis' appointment builds on its extensive rail infrastructure portfolio across the UK, including delivery of the £1.2 billion East West Rail Phase 2 programme, its position as Railway Systems Integration Partner for the East Coast Digital Programme and most recently, part of the alliance delivering the £1.75 billion Midlands Rail Hub.

About AtkinsRéalis   

Created by the integration of long-standing organizations dating back to 1911, AtkinsRéalis is a world-class engineering services and nuclear company dedicated to engineering a better future for our planet and its people. We create sustainable solutions that connect people, data and technology to transform the world's infrastructure and energy systems. We deploy global capabilities locally to our clients and deliver unique end-to-end services across the whole life cycle of an asset including consulting, advisory & environmental services, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and capital. The breadth and depth of our capabilities are delivered to clients in strategic sectors such as Engineering Services, Nuclear and Capital.  News and information are available at www.atkinsrealis.com or follow us on LinkedIn.

Forward-Looking Statements

References in this press release to the "Company", "AtkinsRéalis", "we", "us" and "our" mean, as the context may require, AtkinsRéalis Group Inc. or all or some of its subsidiaries or joint arrangements or associates. Statements made in this press release that describe the Company's expectations or strategies constitute "forward-looking statements", which can be identified by the use of the conditional or forward-looking terminology such as "aims", "anticipates", "assumes", "believes", "cost savings", "estimates", "expects", "forecasts", "goal", "intends", "likely", "may", "objective", "outlook", "plans", "projects", "should", "synergies", "target", "vision", "will" , or other variations thereon. Forward-looking statements also include any other statements that do not refer to historical facts. The Company cautions that, by their nature, forward-looking statements involve risks and uncertainties, and that its actual actions or results could differ materially from those expressed or implied in such forward-looking statements. Forward-looking statements are presented for the purpose of assisting investors and others in understanding certain key elements of the Company's current objectives, strategic priorities, expectations and plans, and in obtaining a better understanding of the Company's business and anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements made in this press release are based on a number of assumptions believed by the Company to be reasonable as at the date hereof. The assumptions are set out throughout the Company's 2025 annual management disclosure & analysis ("2025 MD&A") (particularly in the sections entitled "Critical Accounting Judgments and Key Sources of Estimation Uncertainty" and "How We Analyze and Report our Results") filed with the securities regulatory authorities in Canada, available on SEDAR+ at www.sedarplus.com and on the Company's website at www.atkinsrealis.com under the "Investors" section. If these assumptions are inaccurate, the Company's actual results could differ materially from those expressed or implied in such forward-looking statements. In addition, important risk factors could cause the Company's assumptions and estimates to be inaccurate and actual results or events to differ materially from those expressed in or implied by these forward-looking statements. Those risks are identified in the 2025 MD&A (particularly in the section entitled "Risk and Uncertainties"), as may be updated from time to time in the Company's interim quarterly MD&A, are not exhaustive. The forward-looking statements herein reflect the Company's expectations as at the date of this press release and are subject to change after this date. The Company does not undertake to update publicly or to revise any such forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable legislation or regulation. The forward-looking information and statements contained herein are expressly qualified in their entirety by this cautionary statement.

SOURCE AtkinsRéalis

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2026/24/c5931.html

Contact:

For more information: Media, Antoine Calendrier, Vice President, Global External Communications, media@atkinsrealis.com; Investors, Denis Jasmin, Vice President, Investor Relations, 514-393-8000, ext. 57553, denis.jasmin@atkinsrealis.com

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