Enviri sells Deutsche Bahn contract assets, IP to General Atomics unit GBM
Reuters2026/08/10 20:39- Enviri unit Harsco Rail Europe agreed to sell contract assets, including inventory and intellectual property, to Gleisbaumechanik Brandenburg for a Deutsche Bahn vehicle program.
- Transaction ends Harsco Rail Europe’s engineered-to-order work for Deutsche Bahn, shifting completion of the utility track vehicles to the buyer.
- Enviri expects a noncash impairment charge of about $75 million tied to the exits from the Deutsche Bahn and Network Rail engineered-to-order contracts.
- Enviri also plans to book an incremental liability of about $133 million for future obligations related to those contracts.
- Cash proceeds, if any, from the asset transfer are expected later this year and in early 2027, recorded as income when received.
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