Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Exclusive: Bouygues buys Cardiff rail firm

Bouygues has agreed the takeover of a Cardiff rail firm in its latest UK acquisition.

Bouygues Group subsidiary Colas Rail has completed a deal with Pullman Rail for an undisclosed sum.

Colas Rail provides rail infrastructure services across the UK and Europe.  It is part of the Colas Group, one of the leaders in road construction. Colas is owned by Bouygues SA, the parent company of Bouygues UK.

Pullman – which specialises in the overhaul of passenger and freight trains, components and rolling stock – had a turnover of £10.6 million in the year to September 2011, with a £0.6m profit. Average monthly number of employees was 125.

Colas Rail, which works across all railway infrastructure, from high speed rail systems to light and urban rail, acquired Carillion’s plant rail business back in 2008.

Sister firm Bouygues UK bought Midlands construction company Thomas Vale last month. That followed Bouygues UK’s acquisitions of Warings and Leadbitter.

Confirming the acqusition this afternoon, the firms said Pullman is “now set for a period of expansion following the deal, with new jobs and improvements to its 8-acre site”.

Charles-Albert Giral, CEO of Colas Rail Europe, said: “With this strategic acquisition, we are further strengthening our already extensive rail expertise and confirming our investment plans for the UK in general and Wales in particular.”

Colas Rail Services’ managing director Stephen Haynes succeeds Pullman Rail MD Colin Robinson. Mr Robinson will be retained as a consultant to the business, along with the other major shareholder, commercial director Terry Jefferies.

Mr Robinson said: “As one of the founders of Pullman Rail in 1993, it is personally very gratifying to have found such a fantastic and sustainable home for the business. I have no doubt that in Colas’s hands it will continue to go from strength to strength.”

Mr Haynes said Colas Rail benefits from a significant enhancement to its rail vehicle maintenance capability.

Mark Naughton, corporate finance director at Grant Thornton in Wales, who advised on the deal, said Pullmans is “a great strategic fit for Colas, who will bring expertise and investment that will enhance the business for years to come”.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.