Alta Rail Technology, a Brazilian supplier of technology products and services to railroads worldwide, received a $15m investment from Darby Private Equity.
Darby Private Equity, the private equity subsidiary of Franklin Templeton Investments, invested via Darby Latin American Mezzanine Fund II, L.P.
The company intends to use the capital to develop new technologies and expand its product offering to new markets.
Alta Rail Technology was formed by combining three Brazilian rail technology providers:
– ALL Rail Technology,
– Daiken Ferroviária, and
– Engesis Engenharia e Sistemas.
Led by Carlos Henrique Correa, Chairman and CEO, the new company employs 100 people in Curitiba and Vitória in Brazil and Johannesburg in South Africa.
Clients include large railroads in the Americas, Africa, Asia and Oceania.