Contractor to continue to lease equipment back from the divested business
Balfour Beatty has sold its rail plant and equipment business for 拢5.5m in cash.
The trackside plant and equipment rental business has been sold to civil engineering equipment rental firm Vp.
The Balfour Beatty business, which operates from a number of sites across the South-east of England, will be integrated in Vp鈥檚 Torrent Trackside business.
The deal includes a five year framework agreement under which Torrent Trackside will lease equipment back to Balfour Beatty鈥檚 rail arm.
Jeremy Pilkington, chair of Vp, said the deal 鈥渇urther strengthened鈥� Vp鈥檚 鈥渞elationship with the Balfour Beatty Group鈥� and Torrent Trackside鈥檚 market position.
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