Vp plc, U.K.-based equipment rental company, has acquired the business and assets of Balfour Beatty Rail Limited, a division of construction giant Balfour Beatty Group for £5.5 million (about U.S. $9.3 million). BBRL’s rail equipment rental activity operates from a number of locations in the southeast of England, and will be integrated into Vp’s Torrent Trackside division, a specialty rail business.
The acquisition includes a five-year framework agreement for the rental of trackside equipment to Balfour Beatty Rail across the U.K.
“This transaction further strengths our business relationship with the Balfour Beatty Group and the same time positions Torrent Trackside as the leading supplier of specialist portable rail equipment and associated services to the U.K. rail sector.”
