UK: Leasing company Angel Trains has acquired Readypower Group, which provides specialised on-track plant equipment as well as railway civil engineering, drainage, haulage and operating services.
Readypower will continue to run as an independent business under its existing brand and management team, with Angel Trains investing in machinery and technology.
‘Angel Trains and Readypower are very complementary businesses with a singular focus on supporting the UK rail network’, said Angel Trains CEO Malcolm Brown on January 31. ‘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 CEO Russell Jack added that ‘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.’
