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Enviri Unit Harsco Rail Released By Deutsche Bahn From Its Engineered-To-Order Contract For Utility Track Vehicles; Harsco Rail Has Repaid The Advances Totaling ~$73M

Benzinga·11/04/2026 14:20:38
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Deutsche Bahn (DB) agreement fully releases Harsco Rail from its obligations under the ETO contract, including elimination of its $13 million in performance bonds
Harsco Rail received approximately $8 million in September from its former subcontractor General Atomics, Gleisbaumechanik Brandenburg GmbH (GBM), pursuant to an asset sales agreement related to the DB contract; Enviri expects to receive remaining payments of approximately $34 million in the coming quarters, including $15-18 million in 2026
Enviri to record a net gain of approximately $19 million as a result of the GBM payment and with the execution of the DB agreement