Last week, Readypower Group announced the acquisition of Force One Ltd – a market leader in suction excavation services for the rail industry.
The move follows the recent acquisition of Readypower by Angel Trains in February 2022, which enhances our house service provision capabilities.
Malcolm Brown, CEO of Angel Trains and Chairman of Readypower said, “This is an exciting new chapter for Readypower, and meets the growing demand for excavations involving buried infrastructure.”
Russell Jack, CEO of Readypower Group, said, “In line with the company’s clear objective of acquiring high-quality asset-led infrastructure services businesses, I am delighted to announce the acquisition of Force One. It is a business that we have greatly admired over the last few years.”
Declan Burke, Managing Director of Force One said, “We are all delighted to be joining the Readypower Group and look forward to working with them, along with Angel Trains, to drive forward the Readypower Force One suction excavation business to new and greater heights.”
It’s official! Our work to revolutionise overhead line monitoring has been awarded ‘Innovation of the Year’ by Rail Business Awards.
This award is a testament to the power of collaboration, and we’re proud to have worked with Transmission Dynamics, Network Rail, DB ESG and One Big Circle to make this happen.
Malcolm Brown, CEO of Angel Trains said “I’m extremely proud of what the team has achieved. This is innovation with a purpose and a solution that will deliver improved reliability and reduced costs for the rail system as a whole. It’s a great example of what cross-industry collaboration and private investment in innovation can deliver.”
Judges said “while the technology is novel, the most impressive innovation was the way the team had been brought together to play to their strengths.” And we couldn’t agree more!
We hope this recognition will inspire others in the industry to join forces and create innovative solutions for generations to come.
We are excited to share that we have acquired the specialist rail and infrastructure services provider, Readypower Group.
Readypower provides specialised on-track plant equipment and plays a critical role in helping modernise the UK’s rail network. Through this acquisition we will support Readypower’s growth by investing in the latest machinery and technology, cementing our commitment to investing in rail assets across the UK.
Commenting on the acquisition, Malcolm Brown said: “Angel Trains and Readypower are complementary businesses with a singular focus on supporting the UK rail network. We bring a wealth of understanding and experience of managing rail assets and believe we can help Readypower to realise its full potential in the years ahead.
Angel Trains Group is very pleased to announce that it has signed £600m of new senior debt. It was arranged directly with a number of lenders and it will be drawn next year for general corporate purposes, including the potential repayment of existing shorter-dated debt.
Alan Lowe, CFO, said ‘this represents effective senior funding which will ensure that sufficient liquidity is available to support new business whilst reducing refinance risk even further. We are also delighted to welcome a small number of new lenders into our financing group’
Angel Trains is delighted to confirm that both PSP Investments and Amber Infrastructure have agreed to increase their shareholding in the Angel Trains Group. They will purchase the combined 51% from AMP Capital with PSP Investments becoming the majority shareholder; the transaction is expected to close in September 2021.
Both PSP Investments and Amber Infrastructure have been invested in Angel Trains since 2008 and the continued stability is highly positive for the group. It is a welcome outcome that reflects their collective commitment to, and confidence in, Angel Trains and the wider UK rail sector.
Angel Trains has invested substantially in its fleet with its shareholders and it will continue to do so. It will support the UK rail sector through its asset management skills to ensure a modern and sustainable rolling stock fleet to meet the evolving needs of its customers and their passengers.
Malcolm Brown, CEO Angel Trains, said: “Angel Trains is committed to the success of the UK rail industry and we look forward to building on the achievements of the last decade. The shareholder base has been extremely supportive, we thank AMP Capital for their contribution and look forward to the continued strong relationship with PSP Investments and Amber Infrastructure.”
It was great to see our industry partners Avanti West Coast and Network Rail attempt to break the record for the fastest journey between London and Glasgow morning 17th June 2021, in one of our high speed Avanti Pendolino trains!
Though the record was not broken, the challenge showed the strength of the UK rail industry, and the importance of collaboration.
Congratulations to our 15 Angel Trains employees who completed the Yorkshire Three Peaks Challenge this weekend to raise money for our partner charity Railway Children!
The group set out on a 24.5-mile route across three mountains, climbing over 1.5km and have so far raised a total of £12,680. The money raised will go towards the charity’s outreach programmes in the UK, India and Africa, which provide protection and opportunities for children who are homeless or who lack parental support due to poverty, abuse, violence or neglect.
It’s not too late to show your support, so donate what you can on their website here: https://bit.ly/3dhv2QX
We are delighted to announce our collaboration with The Go-Ahead Group plc and Seymourpowell to create concept designs of train carriages that reflect the needs of rail travellers post-pandemic.
The plans include dedicated space for bicycles, additional laptop space to meet the new ‘work from anywhere’ lifestyle, and touchless doors to reduce virus transmission.
Commenting on this venture, David Jordan, our Chief Operating Officer, said: “We are excited to work with our industry partners to design new concepts and solutions that meet the evolving demand of UK rail passengers. We look forward to this project and to continue to drive forward economic recovery across the nation.”
London, UK – Today, Angel Trains, one of Britain’s leading train leasing companies, announces the appointment of its new Chairman, Mark Russell, who will be joining the Board from 1st February 2021.
Mark Russell CBE is Chair of DE&S, the Ministry of Defence’s procurement and support organisation, which is responsible for £12 billion Defence equipment spend and employs 11,500 staff. He is also Vice Chair of UK Government Investments (UKGI) and non-executive director of DP World. His previous experience includes a five-year tenure as a board member of Eurostar International and a similar tenure as a board member of London & Continental Railways
Angel Trains’ current Chairman, Tom Smith, will be stepping down from his role after two successful three-year terms. During Tom’s stewardship, Angel Trains has undertaken an unprecedented programme of asset renewals and enhancements, including recent innovations to deliver green rolling stock technologies.
Mark Russell said: “Angel Trains is an established and leading investor in UK rail, working alongside industry partners and Government to deliver exceptional asset management and innovative rolling stock solutions. I am delighted to join the highly experienced leadership team as we continue the collaborative efforts needed to address industry challenges and opportunities to make rail more sustainable.”
Tom Smith said: “It has been wonderful to be part of such a successful organisation. The commitment and calibre of Angel Trains’ people are second to none and the company does so much to improve the experiences of rail passengers all over the country. I leave the company in safe hands and look forward to seeing the continued efforts to advance UK rail.”
Malcolm Brown, CEO of Angel Trains, said: “We are incredibly grateful to Tom and the contribution he has made to Angel Trains throughout his six-year tenure. As the business moves to its next chapter, we are delighted to welcome Mark, who is an accomplished and competent leader that will support our efforts in becoming a leading investor in UK rail and realise the opportunities of an accelerated decarbonisation programme.”
Mark will join non-executive board directors Len Porter and Stuart Paterson and a well-established senior management team including Malcolm Brown, CEO, David Jordan, COO, Alan Lowe, CFO, and Matthew Prosser, Technical Director.
We are committed to working with our industry partners to develop innovative and collaborative solutions for #UKRail.
We are pleased to announce that our Class 350 Pantograph trial, undertaken in partnership with TRANSMISSION DYNAMICS, West Midlands Trains, Network Rail and Siemens Mobility, has been shortlisted to the final three in the Cross-industry Partnerships category of the Railway Industry Innovation Awards 2020.
The solution has enabled engineers to receive and respond to real-time data and insights about the condition of the overhead infrastructure. This allows inspections and maintenance to be carried out efficiently, with minimal disruption to services.
This nomination is testament to the ongoing work and collaboration of all teams involved, and we wish them all luck for the awards ceremony next week!
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