Topic summary
ABB Group
Extracted from the Wikipedia article ABB.
Rolling stock manufacturing
ABB Group entered the heavy railrolling stock manufacturing market in 1989 through a 40% shareholding in a consortium, headed with Trafalgar House and some former British Rail employees, that purchased British Rail Engineering Limited (BREL), the formerly state-owned manufacturing arm of British Rail. BREL was the first division of British Rail to be privatised as part of a phased plan initiated by the third Thatcher ministry. ABB took over two rolling stock manufacturing facilities from BREL; the Derby Litchurch Lane Works and York Carriage Works. Additionally, ABB took over Crewe Works in a purely maintenance capacity. During September 1992, ABB Group purchased the stakes of the other members of the consortium to become the sole owner with the business rebranded ABB Transportation.