Acquisition: T&RS Engineering Limited
Rendel Limited (Rendel), an international engineering consultancy and subsidiary of the French-owned Ingérop Group, has purchased a controlling interest in T&RS Engineering Limited (T&RS).
T&RS is a railway rolling stock engineering consultancy, specialising in rolling stock maintenance, overhaul, technical support and auditing services to train operators, maintainers and leasing companies.
The acquisition will allow Rendel to enhance its service offering to its clients and extend its reach in the rail and transportation business in the UK and overseas.
Crowe's role and team
Crowe provided financial and tax due diligence advice and transaction support services for Rendel. The Corporate Finance team was led by Peter Varley and Ferdia McCarville. The tax due diligence was led by Simon Warne and Emma Reynolds.
Client quote
"The Corporate Finance team at Crowe provided valuable advice throughout the acquisition process. We highly recommend Peter and his team to companies that are planning to build their presence in the UK."
Vardaman Jones, Managing Director, Rendel Limited
