Readypower acquires Total Rail Solutions

18th October 2023

Readypower acquires Total Rail Solutions

Readypower continue to expand their business by acquiring Total Rail Solutions.

Berkshire, 16th October: Readypower Group Limited (RGL) are delighted to announce the acquisition of Total Rail Solutions Limited (TRS).

TRS have been struggling financially for some time in a difficult market. Recent cancellations and a shrinking work-bank as the industry move towards the end of CP6 meant the business needed additional investment.

RGL have been working closely on an expedited transaction with all parties over the recent period. Today sees the successful conclusion of that work and RGL have purchased 100% of the share capital of TRS.

RGL CEO Russell Jack said “We are delighted to get this deal over the line. Our aim is to provide initial capital to support the business going forward. This deal is the best outcome for TRS and its employees, and we will be able to provide stability, so we can evaluate how we best secure the long-term future of the business and the people who work in it. Between now and Christmas we will undertake a process of integrating TRS into the Readypower Group ready for the start of next year and the new control period”.

RGL were supported in this transaction by Pinsent Masons (legal), KPMG (Financial DD), RSM (tax DD), Adeptus (environmental DD) and Vista (Insurance DD). We would like to thank all our advisors who have worked extremely hard to get this concluded in a reduced timescale.

Readypower

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  • ontrackplant.com avatar

    ontrackplant.com Website editor

    Further to this, Readypower have announced this on their linkedin page:

    Following on from ... the acquisition of Total Rail Solutions, We are now excited to announce Readypower Canada Limited is incorporated. We begin shipping machines in the next month to commence trading in early 2024.

    Not sure if this means ex-TRS machines will be shipped over, or Readypower, or a mix of both...

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