Angel Trains Ltd has announced the acquisition of specialist rail and infrastructure services provider, Readypower Group.
Readypower provides specialised on-track plant equipment as well as civil engineering, drainage, haulage and operating services to the UK rail sector.
The deal cements Angel Trains’ commitment to investing in rail assets in the UK. Readypower will continue to run as an independent business, with its brand and management team remaining in place.
Malcolm Brown, CEO of Angel Trains, said: “Angel Trains and Readypower are very complementary businesses with a singular focus on supporting the UK rail network. We are both committed to the success of the UK rail industry and by working together, we know we can make real progress in improving the system for passengers and freight across the country.
“We bring a wealth of understanding and experience of managing rail assets and believe we can help Readypower to realise its full potential in the years ahead.”
Readypower operates from six major hubs around the UK and is already supporting vital rail infrastructure improvement projects to help level up the country. These include the TransPennine route upgrades, Midland Mainline electrification and the Core Valley Lines transformation project in Wales.
Angel Trains will support Readypower’s growth by investing in the latest machinery and technology to support critical rail assets, developing sustainable solutions for the future.
Russell Jack, CEO of Readypower Group, added: “Angel Trains is a very welcome partner for our business. They take a long-term view, which will bring stability and investment at just the right time.
“It is an excellent deal for the industry to see a company like Angel Trains looking to invest and diversify further into the UK rail market. I look forward to working with Angel Trains to continue to grow and expand the business.”
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