Deal Summary – The Railway Engineering Company
| CLIENT: | The Railway Engineering Company |
| SECTOR: | Technology |
| DESCRIPTION: | Provider of advanced control systems to the railway sector |
| DEAL TYPE: | Trade sale |
| DEAL SIZE: | Undisclosed |
| INVESTOR: | Strainstall Group |
Company background
Founded in 2000 by three leading senior rail control specialists, TRE is a specialist provider of complex, advanced control systems and services to the rail industry. Their capabilities in modelling, software development and simulation give them a unique ability to enable clients to trial solutions before committing them to the live environment. Network Rail has used TRE’s signaller training and assessment system, TRESIM, extensively at signalling centres throughout its network and has recently committed to the use of its Signaller Assistant system at several signalling centres on the west coast main line. TRE’s system development skills have also been widely employed by a number of major UK signalling system suppliers.
Deal background
Strainstall Group is a broad-based engineering business, specialising in load measurement and sensor-based safety technology, with over 40 years experience in a wide range of industries. Market sectors include marine, offshore, transport, power, civil, rail and construction on a worldwide basis. Within the rail industry, Strainstall supply sensors and systems to monitor a complex array of parameters covering points, track dynamics, bridges and tunnels and the wheel-rail interface. The acquisition of TRE will further broaden the group’s rail interests.
Commenting on the sale, Peter Cross Managing Director of TRE says:
“We were delighted with the professional way in which Alaris handled the sale process and particularly with their creative approach to identifying potential acquirers”