KEY POINTS:
Downer EDI has bought New Zealand company HRS Ltd to strengthen its position in the infrastructure sector, including rail.
It did not put a price on the acquisition, which was one of two it announced to the market.
Industry observers were quoted as saying HRS worked mainly in earth moving, a service used by both road and rail network builders.
The purchase was seen as a positioning for contracts in the wake of the re-nationalisation of rail in New Zealand.
- NZPA
