170 jobs are saved as groundworks contractor acquires firm in administration for undisclosed sum
Groundworks contractor Keltbray has acquired Gamble Rail from administrator MCR Corporate Restructuring for an undisclosed sum, saving 170 jobs.
Gamble provides specialist services for track maintenance and renewal and maintains a rail plant operating company licence, allowing the company to operate road rail vehicles and maintenance machines on the rail infrastructure.
The firm said the acquisition would allow it to 鈥渆nhance its capabilities to offer solutions in the safety critical rail market sector鈥�.
Gamble, which went into administration following cash-flow problems earlier this year, has 170 employees working for clients including Network Rail, Balfour, London Overground, Govia and Buckingham Rail, among others.
Brendan Kerr, group managing director, added that the move would help sustain Keltbray in the downturn by gaining work in growing sectors.
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