The acquisition brings together two highly complementary, market leading businesses. Angel Trains is one of Britain’s leading rolling stock asset managers and has been an owner and lessor of rolling stock since 1994. The company is passionate about delivering high quality, modern assets to its customers and is committed to working with industry stakeholders to modernise and improve the UK's rolling stock fleet.
Readypower is a leading specialist rail and infrastructure services provider, combining an operated asset hire and a specialist civil engineering business. It plays a critical role in helping to modernise the UK’s rail network, as electrification and upgrades continue throughout the country.
Malcolm Brown, CEO of Angel Trains, commented:
“Angel Trains and Readypower are very complementary businesses with a singular focus on supporting the UK rail network. We are both committed to the success of the UK rail industry and by working together, we know we can make real progress in improving the system for passengers and freight across the country."
Edward Thomas, Executive Director – Investec Investment Banking, commented:
“We are delighted to have advised Angel Trains on its acquisition of Readypower. The businesses are highly complementary and share a common focus on improving and modernising the UK rail network. We look forward to watching these two impressive organizations support each other’s continued success."