The contracts associated with this plant have also transferred as part of the agreement.
Through this acquisition the following plant has now transferred to Colas Rail: 12 Tampers, 3 Regulators, a locomotive, a 125T Kirow Crane, 16 switch Handling Units (Pem/Lem) together with the freehold of the Mill Lane Plant Depot in Rugby. In addition to this 156 employees have joined Colas Rail.
Charles-Albert Giral, chief executive officer, said: "We are delighted to have secured this contract and the acquisition ties in with our long-term strategy.
"Colas Rail will continue to deliver these contracts for Network Rail offering a quality service, delivered on time, on budget and most importantly safely."