HARRISBURG, Pa., Sept. 4, 2007 (PRIME NEWSWIRE) -- Worldwide industrial services company, Harsco Corporation (NYSE:HSC), announced today the further expansion of its growing railway track services capabilities with the acquisition of ZETA-TECH Associates, a niche technical services and applied technology company serving the railway industry with specialized expertise in railway engineering services and track maintenance software. Terms of the acquisition were not disclosed.
ZETA-TECH is widely respected for its work in track-related analysis and maintenance planning, having served railway and transit system operators and governmental agencies throughout North America, Europe, Asia, South America and Australia. The privately-held, Cherry Hill, NJ-based company produces a range of proprietary software tools that are used by railways to regularly monitor and evaluate the performance of their rail and track assets. The company also provides technical consulting services for track engineering, forecasting and analysis. Revenues in 2006 totaled just under $4 million.
Commenting on the acquisition, Harsco President, Chief Financial Officer and Treasurer Salvatore D. Fazzolari said, "We see ZETA-TECH as a natural addition to our growing railway track services and technology portfolio. Its strong reputation and high quality technical, economic and software services to the railway industry make ZETA-TECH a prime candidate for further growth and global scalability across Harsco's worldwide customer base and marketing channels."
ZETA-TECH will join the Company's Harsco Track Technologies division, which serves railway and transit system operators worldwide as one of the rail industry's largest providers of services and equipment for virtually all major aspects of railway track maintenance.
Harsco Corporation is one of the world's leading diversified industrial services companies, serving major customers in the non-residential construction and infrastructure, steel and metals, energy, and railway industries. The Company posted 2006 revenues of $3.4 billion and employs approximately 21,500 people worldwide. Harsco's common stock is a component of the S&P MidCap 400 Index and the Russell 1000 Index. Additional information about Harsco can be found at www.harsco.com.
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