Story Contracting Acquires Rail Plant Division of Caledonian Industrial
5 November 2013
Another big RR takeover, this time in the north of England / Scotland...
We are pleased to announce that we have now acquired the rail plant division of Scotland-based Caledonian Industrial in a deal which expands our national footprint and support to our customers.
Caledonian's rail plant division, based in Edinburgh, provides track maintenance services across Scotland to Babcock, a key contractor to customers including Network Rail, Transport Scotland and First ScotRail.
The addition of the Edinburgh base doubles the size of our in-house plant fleet to more than 50 vehicles. We will invest significantly in the fleet as part of our commitment to safety and in response to the ongoing concerns of plant reliability in the industry. We also plan to relocate the Edinburgh site to larger and more modern facilities in the region within the next 12 months.
As part of the acquisition, 17 staff from Caledonian's rail division will transfer to Story Contracting under Transfer of Undertakings (Protection of Employment) (TUPE) regulations. The division will immediately trade under our Story brand.
Tony Cook, plant director said: "This is a transformational deal for Story and underlines the ambition and growth of our Plant and Rail divisions, which provide integrated services to our customers. With a base in Edinburgh, alongside Carlisle and Normanton, we now have the capability to provide efficient support to sites across the country.
"The deal also means that the size of our fleet doubles overnight, so the range of machinery and vehicles on offer to our customers is among the best in class. However, we are not complacent. We have committed to a programme of investment in the fleet and we recognise the need to expand and modernise the Edinburgh base.
"We are confident customers will recognise this acquisition as a real statement of intent by Story. We expect the relationships we inherit from Caledonian to benefit from our geographic reach and the quality of our plant fleet, and we continue to work hard in collaboration with customers on key projects across the UK."
We have invested significantly in our Rail and Plant divisions in recent years, creating a leading fleet of machinery and this latest acquisition sees us continue to invest in both our people and our business.