EQUIPMENT rental specialist Vp has acquired the business and assets of the trackside plant and equipment (TP&E) rental activity of Balfour Beatty Rail for £5.5 million.
The TP&E rail equipment rental activity operates from a number of locations in the South East of England and will be integrated into Torrent Trackside, Vp’s specialist rail business. The acquisition includes a five-year framework agreement for the hire of trackside plant and equipment to Balfour Beatty Rail across the UK.
Jeremy Pilkington, Chairman of Vp plc, said, “This transaction further strengths our business relationship with the Balfour Beatty Group and at the same time positions Torrent Trackside as the leading supplier of specialist portable rail equipment and associated services to the UK rail sector.”
