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Finmeccanica S.p.A. on Monday received an offer from Hitachi Ltd. for the acquisition of AnsaldoBreda S.p.A. Hitachi and China's CNR Corp. were short-listed by Finmeccanica's advisors to submit bids. The AnsaldoBreda deal — which is projected to exceed $1 billion — also would include a 40 percent stake in Ansaldo STS, its rail signaling group. Formed in 2001 by the merger of Italian companies Ansaldo Trasporti and Breda Costruzioni Ferroviarie, AnsaldoBreda provides electrical/mechanical systems and complete trains for the global rail industry.Tutor Perini Corp.'s specialty contracting subsidiary Fisk Electric Co. has obtained an $87 million with Webcor/Obayashi Joint Venture for work on the Transbay Transit Center project in San Francisco. The scope of work includes the installation of all electrical, communications, life safety, fire alarm, security and integrated network systems. The project owner is the Transbay Joint Powers Authority.Peab has obtained a turnkey contract, valued at $30.7 million, from the Swedish Transport Administration to build a double-track line in Haninge. The project also includes construction of two railway bridges, two pedestrian and cycle bridges, and a station building on the existing platform in Tungelsta. The expansion of double track on the Hemfosa-Tungelsta route would to improve travel for rail commuters on Nynasbanan between Nynashamn and Stockholm Central.
I.D. Systems Inc. has executed a contract with Knight Transportation Inc. to extend Knight's deployment of VeriWise™ transportation asset management solutions from I.D. Systems' Asset Intelligence subsidiary. The renewal contract, which has a term of one year, is valued at more than $900,000.
Maintenance Design Group (MDG) has added three new facility designers. Justin Tripp joined the firm’s Houston office; Matthew Lujan joined the firm’s Denver office; and Jonathyn Reed joined the firm’s Baltimore office. Lujan previously worked as an intern for the Denver Public Works Department and Reed previously served as a structural and architectural drafter with the Shockey Precast Group.
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