Sersa Group

Last updated
Sersa Group
IndustryRailway
Founded1948 [1]
FounderArnold Schnyder [1]
Key people
Konrad Schnyder
ServicesTrack construction and maintenance and machinery leasing
Number of employees
>1000 (c.2012) [1]
Website www.sersa-group.com

Sersa Group is a Swiss railway construction and maintenance company.

Contents

It was established by Arnold Schnyder in 1948. The company has long operated as supplier of equipment and services for track construction and renewals activities. Sersa Group has also directly undertaken the construction of new railway lines and other such projects. Based in Neuchâtel, Sersa Group grow from working on Zurich's rail network to providing track maintenance services across the entire Swiss rail system, as well as spreading internationally.

Into the twenty-first century, growth of the company has been augmented via acquisitions, such as the Canadian firm Total Track and Universale-Bau. During September 2012, the merger of Sersa Group with the Austrian business Rhomberg Rail Holding Group of Austria to form Rhomberg Sersa Rail Holdings. It has continued to grow via strategic partnerships, setting up joint ventures with companies such as Vossloh and Amey, and the acquisition of various subsidiaries, such as from the British business Balfour Beatty.

History

Sersa (Soudage électrique des rails S.A.) was founded in 1948 in Neuchâtel by Arnold Schnyder as a trackside railway maintenance company, it initially operated on the rail lines around Zurich, Switzerland. Arnold Schnyder's son Konrad took over the company and expanded the business to cover track infrastructure work throughout Switzerland, as well as establishing numerous subsidiaries abroad. [1]

Sersa Group has also expanded through multiple acquisitions. During December 2009, the company bought a 68% stake in the Canadian track construction and maintenance company Total Track. [2] In July 2013, the Universale-Bau track and construction business of the insolvent Alpine group was purchased. [3] In January 2015, it became the sole owner of Sersa Total Track Ltd after purchasing the outstanding shares from Tim Mann. [4]

During September 2012, it was announced that Sersa Group would merge with Rhomberg Rail Holding Group of Austria, to form Swiss-based international rail technology company Rhomberg Sersa Rail Holdings; at the time, the combined business employed near 1,600 personnel worldwide and generated revenues of roughly $450 million annually. [5] [6]

During late 2014, Sersa Group acquired several rail infrastructure activities in mainland Europe that had been formerly owned by the British-based infrastructure company Balfour Beatty. [7] In the mid 2010s, it created a joint venture with the British infrastructure support specialist Amey. [8] [9]

In September 2018, Vossloh and the Rhomberg Sersa Rail Group were establishing a joint venture to cooperate on matters pertaining to infrastructure competence. [10]

During October 2021, Balfour Beatty announced that it was selling its U.S. track solutions operations to the Rhomberg Sersa Rail Group in exchange for $7.25 million; the division was subsequently rebranded as Rhomberg Sersa North America and made the company one of only a few European rail contractors to have a significant and permanent presence in the United States. [11] [12]

In April 2023, it was announced that Rhomberg Sersa Rail Group UK and Charles Brand Ltd had formed a new joint venture, Rhomberg Sersa Charles Brand JV, which will provide complementary civil engineering and permanent way services to the UK rail industry. [13] That same month, Sersa Group reorganised and merged its Australian subsidiaries, RKR Engineering and Rhomberg Rail Australia, to create Rhomberg Sersa Australia. [14] [15]

Operations

Sersa Kirow crane 20100619Y389 VTmaas8085 9581701-2 KRC458-2S.jpg
Sersa Kirow crane

The company supplies services relating to rail track construction and renewals; including ballasted and slab track construction, catenary construction, and project management. Maintenance of track including ballast cleaning and tamping, rail inspection, welding, grinding and milling, [16] and operates and leases a variety of machinery such as tamping machines, cranes, grinding trains and ballast cleaning machines. [17] On several occasions, Sersa Group has been appointed as the lead construction company for a project, including the building of new railway lines, such as parts of the Bergen Light Rail in Norway. [18] [19]

Over the decades, Sersa Group expanded internationally, setting up multiple subsidiaries overseas to operate in various countries, including the United Kingdom (Sersa (UK) Ltd.), and the Netherlands (Sersa BV). [20]

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References

  1. 1 2 3 4 Geschichte (in German), Sersa Group, retrieved 16 September 2012
  2. ↑ "Sersa Group buys Total track". Railway Gazette International. 17 December 2009.
  3. ↑ "Rhomberg Sersa Rail Group acquires Universale". Railway Gazette International. 17 July 2013.
  4. ↑ "Rhomberg Sersa Rail Group takes over Sersa Total Track". Railway Gazette International. 28 January 2015.
  5. ↑ "Rhomberg Rail merges with Sersa Group". mhdsupplychain.com.au. 19 September 2012.
  6. ↑ "Sersa and Rhomberg announce merger". International Railway Journal. 24 September 2012.
  7. ↑ "Rhomberg Sersa buys Balfour Beatty infrastructure operations". Railway Gazette International. 14 November 2014.
  8. ↑ "AmeySersa set to transform track works in the UK". amey.co.uk. 12 May 2014.
  9. ↑ "'In the rail business, we're leading the way'". railtechnologymagazine.com. July 2017.
  10. ↑ "Vossloh and Rhomberg Sersa create joint venture to strengthen their infrastructure competence". Vossloh. 18 September 2018.
  11. ↑ "Balfour Beatty Completes Sale of Its US Track Solutions Operations to Rhomberg Sersa Rail Group". businesswire.com. 29 October 2021.
  12. ↑ "Acquisition Will Shake Up Rail Ballast Maintenance Sector". railwayage.com. 1 November 2021.
  13. ↑ Longhorn, Danny (5 April 2023). "Rhomberg Sersa Rail Group UK and Charles Brand announce joint venture to UK rail market". railbusinessdaily.com.
  14. ↑ "Rhomberg Sersa to merge Australian subsidiaries". Railway Gazette International. 12 March 2023.
  15. ↑ Chan, Ray (2 March 2023). "Rhomberg Rail Australia merger with RKR". railexpress.com.au.
  16. ↑ "Sersa Group". www.sersa-group.com. Services. Archived from the original on 14 March 2006.
  17. ↑ "Sersa Group". www.sersa-group.com. Machinery. Archived from the original on 14 March 2006.
  18. ↑ "Rhomberg Sersa Rail Group Third Construction Stage of City Railway at Bergen, Norway". railway-technology.com. Retrieved 5 October 2023.
  19. ↑ "Track works where design and resilience go hand-in-hand". globalrailwayreview.com. 19 April 2018.
  20. ↑ "Sersa Group". www.sersa-group.com. Companies. Archived from the original on 14 March 2006.
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