{"id":144726,"date":"2024-10-17T10:30:40","date_gmt":"2024-10-17T09:30:40","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=144726"},"modified":"2024-10-17T10:33:25","modified_gmt":"2024-10-17T09:33:25","slug":"keltbray-infrastructure-services-completes-acquisition-of-500m-rail-business","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/keltbray-infrastructure-services-completes-acquisition-of-500m-rail-business\/144726\/","title":{"rendered":"Keltbray Infrastructure Services completes acquisition of \u00a3500m rail business"},"content":{"rendered":"

Keltbray Infrastructure Services(KISL) has completed its acquisition of National Rail approved contractor Linbrook Services, gaining 140 staff along with the rail business’ \u00a3500m work pipeline<\/h2>\n

The acquisition is the firm’s first since Keltbray sold its infrastructure business<\/a> to private equity firm EMK Capital in August of this year.<\/p>\n

Having originally broached the rail sector in 2009, Keltbray commented that the sale of the infrastructure division would allow it to focus on built environment and major civil engineering markets.<\/p>\n

Parent company Linbrooke Services will focus purely on the power sector going forward.<\/p>\n

The move will see KISL gain 140 of Linbrooke’s staff, as well as a pipeline of work valued at \u00a3500m. The business specialised in design-and-build signalling, telecommunications and associated power solutions across UK rail infrastructure since 2003.<\/p>\n

Linbrooke had suffered a \u00a31m loss in recent years<\/h3>\n

In the company’s 2023 annual report, chief executive Lee Hallam attributed slowing investment in large scale infrastructure projects to numerous disputes with trade unions over pay and conditions.<\/p>\n

Linbrooke also lost nearly \u00a31m after the collapse of the Buckingham Group<\/a> in the summer of 2023, a partner on many rail projects. This led to the company reporting a \u00a31m operating loss and \u00a31.7m pre-tax loss on its \u00a371m turnover in the 2022-23 financial year.<\/p>\n

KISL chief executive officer, Darren James said: \u201cWe are pleased with this \u2018on strategy\u2019 acquisition of the Linbrooke rail business, generating additional capability to further penetrate the UK\u2019s decarbonised transport market.<\/p>\n

\u201cI look forward to working with my new colleagues as we build an exciting and rewarding future.\u201d<\/p>\n

Keltbray Infrastructure Services confirmed the acquisition on social media:<\/h3>\n