Enviri Announces Conclusion of Engineered-to-Order Contracts with Deutsche Bahn and Network Rail
Enviri announced the conclusion of its engineered-to-order contracts with Deutsche Bahn and Network Rail, recording a $75 million non-cash impairment charge and a $133 million incremental liability to settle future obligations. The company sold related assets to Gleisbaumechanik Brandenburg GmbH to complete the Deutsche Bahn contract, while informing Network Rail it will cease manufacturing activities but proposed extending the life of the existing fleet.
Key figures
- Impairment charge
- $75 million
- Incremental liability
- $133 million
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