Nottinghamshire-based rail maintenance equipment manufacturer Permaquip has acquired Aquarius Railroad Technologies, the UK’s leading supplier of road-to-rail vehicle solutions.
Aquarius is one of the rail industry’s most recognisable names. Its road-rail vehicles, which are sold to customers around Europe as well as rented to contractors for all types of railway work, provide safe and efficient transport solutions. They are designed to improve health and safety, increase productivity and save clients’ money from road to rail to site.
In driving forward safety and productivity for the nation’s networks, Aquarius is a natural fit with Permaquip, building on the organisation’s passion for innovation and engineering ingenuity. The deal sees the acquisition of the Aquarius Railroad Technologies company, including the organisation’s significant fleet of 4×4 vehicles, including the popular Road2Rail 4x4s and the more specialist Rail Canter which will still be available for hire, and the Aquarius team will all still be on hand to offer ongoing support.
Permaquip owner Mark Sargent said: “All of us here are full of admiration for the Aquarius team, who have worked tirelessly to grow a great business centred on providing vital services to the market.
“This customer-service focus and high level of delivery sits perfectly in line with the Permaquip ethos, and we felt that this deal would provide a natural partnership, whilst allowing us to further develop the product range through the utilisation of Permaquip’s innovative engineering solutions.”
The deal sees the merging of Aquarius’ Ripon-based head office with Permaquip’s Sutton-in-Ashfield location, with staff retaining their roles within the organisation. Permaquip managing director Scott Harrison will oversee the new group.
Aquarius’ owner James Platt commented: “At Aquarius, we have always focused on providing our customers with leading-edge equipment and an outstanding customer service experience. I am confident that Mark, Scott and the Permaquip team will continue with these core values.
“I will enjoy watching Aquarius continue to ‘make waves’ within the industry and deliver the same great service of which we’ve always been so proud.”
On the group’s plans for the future, Scott Harrison commented: “Our plan is to resolutely maintain the cornerstones of what has made Aquarius such a success. This can only succeed by retaining the talent and experience within the business and listening to feedback from our customers about where they need us to help them.
“Watch this space, it’s going to be an exciting time!”