Jarvis plc
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| Type | Public (LSE: JRVS) |
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| Founded | 1846 |
| Headquarters | York, United Kingdom |
| Key people | Steven Norris, Chairman Richard W. Entwistle, CEO John P. O'Kane, Finance Director |
| Industry | Rail |
| Revenue | £321.9 million (2008) |
| Operating income | £9.2 million (2008) |
| Net income | £9.7 million (2008) |
| Employees | 3,881 (2008) |
| Website | www.jarvisplc.com |
Jarvis plc (LSE: JRVS) provides support services to the British railway industry. It also runs rail freight operations.
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[edit] History
The company was founded in 1846 as the Jarvis Construction Company. In 1994 Paris Maoyedi was appointed Chief Executive[1] and refocused the business on infrastructure maintenance and renewal. The Company acquired the Northern Infrastructure Maintenance Company, a rail maintenance business, in 1996.[2] It went on to buy Fastline,[2] a rail freight business, and Relayfast,[2] a rail engineering business, in 1997. In 1998 it entered the road and airport maintenance business by acquiring Streamline Holdings.[3]
The Company gradually over-extended itself and in 2004 was forced to sell its PFI business to Vinci,[4] its European roads business to French group Somaro[5] and its stake in Tubelines to Ferrovial.[6]
[edit] Operations
Jarvis's activities now include rail (rail renewal, track development, signaling), plant (on-track machinery) and Fastline (freight operations).
[edit] References
[edit] External links
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