News Room
December 2007
Aberdeen Asset Managers Growth Capital investments £2 million in Transys Holdings Limited
The Birmingham office of Aberdeen Asset Managers Growth Capital (“AAMGC” or “Aberdeen”) has completed a £2 million follow on investment in Transys Holdings Limited to facilitate the completion of a management succession process and finance an expansion in the group’s commercial activities.
Birmingham based Transys Holdings plans to expand its presence in the UK Rail market where the group is currently providing turnkey refurbishment, maintenance support, consultancy and a broad range of enhancements to passenger trains and locomotives. Their clients include Porterbrook, Angel Trains, HSBC Rail, Bombardier and Arriva Trains Wales.
The board of directors and senior management team is also being expanded to reflect the growing size of the business and its larger and more complex contracts. These changes include the promotion of Andy Colver to Senior Sales Manager, the appointment of Paul Kelly as Purchasing and Logistics Manager and Stuart Hamilton who joins as Project Manager. Managing Director Jeremy Ashley will take on a part time senior business development role and Kevin Lane has been promoted as the new group Chief Executive. Finance Director Dorothy Lidster will retire and will be replaced by Emma Stamps. Brian Ralley will continue his role as Group Chairman.
Kevin Lane has vast experience in the railway industry starting in 1977 as a Technical Apprentice to Metro-Cammell Limited (a world renowned new builder of trains) rising though a series of senior positions in Projects and Commercial roles in Rail Consultancy, Maintenance and Overhaul companies.
Kevin Lane, Chief Executive, Transys Holdings Limited, commented:
"We are delighted to have completed this transaction as the company is now perfectly placed to build upon our strong leadership position in the turnkey rail vehicle refurbishment and enhancement market. This will be facilitated by our committed and highly talented team of engineers and managers whose rail experience and market knowledge is exceptional.
The determination to grow has seen the company take ever larger orders including complete train refurbishments and a substantial number of high technology equipment installations. There are many further opportunities available to the company, in a market where ever more demanding franchise commitments require train owners and operators to continually commit to enhance their rolling stock in order to deliver an improved traveling experience for passengers”.
Mike Collis, Head of Portfolio Management, commented:
“I am very excited about the future potential for Transys Holdings. Investment in the UK’s rolling stock has failed to keep pace with the growth in rail passenger numbers over the past 10 years and this is likely to remain the case for the foreseeable future. Transys has the skills and capabilities to meet the demands for improving the safety, comfort and functionality of passenger rolling stock and with a record order book the outlook for the business going forward is very strong. I am particularly pleased that we have retained the skills and experience of Jeremy Ashley in his business development role and I would like to pay special thanks to Dorothy Lidster for the contribution she has made in building the business into its present form.”
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