Loram acquires Finnish rail technology business

RELATED TOPICS: TECHNOLOGY | SUPPLIERS
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HAMEL, Minn. – Loram Maintenance of Way. Inc has acquired Finland-based Roadscanners' Oy Rail Division business. The purchase, which took place on May 2, includes its Rail Doctor software and related intellectual property rights.

Roadscanners specializes in developing tools and services for road and rail infrastructure asset management. Mika Silvast, managing director of Loram Finland, has been working closely with the HyGround division of Loram since 2006.

“We’re excited to finally have Mika and his very clever team join the Loram family,” Loram Chief Engineer Civil Dr. James Hyslip says. “Roadscanners’ expertise and its cutting edge analysis software have been instrumental in the acceptance and growth of ground penetrating radar in the railroad industry, both in North America and world-wide."

After the sale, Roadscanners Oy will continue its business in other sectors, including its Road Division and Software and Hardware Division, in the field of road, street, bridge, and airport condition surveys, diagnostics, and asset management.

–From a Loram press release

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