Specialist rail contractor Readypower Rail Services Group has acquired civil engineering firm Terrawise Construction.
Readypower said the move creates “one of the largest specialist rail civils contractors in the UK” and gives Terrawise the largest, most modern fleet of specialist road rail vehicles (RRV) in the country.
Following the acquisition, Terrawise Construction has become Readypower Terrawise.
Readypower CEO Russell Jack said: “Terrawise’s customers will now benefit from guaranteed access to the best machines in the country to complete the work and greater financial strength to undertake projects of all sizes.
“Readypower’s extensive client base, including Network Rail, will be able to benefit from a much wider service offering than the traditional plant hire and POS services that have been historically offered.
“As an enlarged group, Readypower is now well placed to have the capabilities and flexibility to succeed for the rest of CP5 and into CP6 and beyond.”
Readypower Terrawise director James Crossen, who will remain with the business, added: “At Terrawise we are proud of our company and the services we offer. However, we recognised that our prime competitors are much larger in size and deployable assets.
“This deal substantially increases the ability of Terrawise to compete on a level playing field, with the best in-house rail plant fleet in the country.”
Fellow Terrawise directors Jamie Burrows and Darren Long will also remain with the business.