L.B. Foster expands UK group with acquisition15/12/2022
The growth strategy of a global provider of rail and infrastructure services is on the right track after acquiring a leading digital solutions specialty company.
Based in Telford, Skratch Enterprises is an industry leader in digital systems integration, using advanced digital display technology to deliver a single-point supply solution model for clients.
L.B. Foster has collaborated with the business on digital solutions for the retail sector in the past, including the first digital signage application using British Sign Language interpreters in ASDA supermarkets.
The business brings advanced digital display technology and capabilities that can be leveraged in both the rail space and adjacent retail markets.
John Kasel, President and Chief Executive Officer of L.B. Foster Company said that the acquisition “fit neatly into the growth strategy L.B. Foster announced in 2021.
“The accomplished team at Skratch delivers new learning, expertise, and experience that complements existing L.B. Foster growth businesses, and enables access to wider target markets in the UK and Europe.”
Skratch will operate as a standalone subsidiary within the L.B. Foster group of companies.
John Nicholson, Partner in Mincoffs’ corporate team, was delighted to advise on the deal.
“L.B. Foster commands a huge presence in the rail and infrastructure markets and it was a pleasure to act on this acquisition and aid the growth of the group in the UK,” he said.
“Skratch are generating some really impressive outcomes which can be applied in numerous industries, so this is a really exciting acquisition for the group.
“We look forward to continuing working closely with L.B. Foster on future deals.”