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NZ: Downer EDI buys HRS to strengthen infrastructure

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29/07/2008 - 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 on Monday.

Industry observers said 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.

Source: AAP NewsWire

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