Loram Acquires Montana Hydraulics’ Railroad Services Division
Loram Maintenance of Way, Inc. is excited to announce the acquisition of the railroad services divisions of Montana Hydraulics, LLC. The products and services acquired will be managed under Loram Technologies, Inc., a wholly owned subsidiary of Loram.
Montana Hydraulics’ railroad division provided qualified technicians to perform field services for ballast cars, hydraulic dump cars, and air dump cars as well as repair, maintain, and manufacture maintenance of way equipment. The purchase also included Montana Hydraulics’ bi-directional ballast plows, Grizzly side dump conversions, and Bobcat tarp systems.
“We are confident the additions to Loram Technologies will help continue our mission to enhance customer focus and accelerate growth within our current offerings of GateSync® and Solaris® products and services in the markets we serve,” said Greg Grissom, President of Loram Technologies, Inc.
Following the sale, Montana Hydraulics will continue to serve its heavy industry customers with manufacturing and machine shop services.
Since 1954, Loram has brought the most advanced, most productive and most innovative railroad maintenance equipment and services around the globe. Loram’s product offerings include: rail grinding, ballast maintenance, material handling, track inspection services, friction management and structure monitoring. These comprehensive solutions are designed to help our customers achieve operational excellence, extend rail and track asset life and enhance efficiency to new levels.