Amey acquires Travel Point Trading and strengthens its asset management capabilities in rail
Amey, one of the UK’s leading engineering consultancies and major provider of public and regulated services has acquired Travel Point Trading Ltd (TPT), a strategic asset management consultancy with a strong presence in the UK rail sector.
TPT provides unique consultancy and management services for commercial activities in the transport sector. The company enables facility owners to improve their revenue through maximising the value derived from their assets, in particular retail opportunities.
All of TPT’s employees will join Amey, including managing director Deborah Richards.
Mel Ewell, Amey’s chief executive, said: “The acquisition of TPT strengthens our end to end capabilities across the rail market and builds on our expertise in station design, operation and maintenance. We look forward to working closely with TPT’s established client base to maximise commercial opportunities and further enhance the overall passenger experience at stations across the UK.”
TPT’s Deborah Richards says: “The sale to Amey will enable TPT to expand its business into new sectors and new areas. The synergies are beneficial to both parties.
“The process run by BCMS was extremely thorough and professional and was managed very well from start to finish. Our deal leader helped us through every stage, providing excellent support.”
BCMS’ James Pugh, who managed the transaction on behalf of TPT, said: “TPT is a profitable, specialist business that has developed an enviable reputation in managing, developing and improving the UK’s portfolio of stations.
“With a unique depth and breadth of knowledge in the rail industry, it was no surprise that there was significant interest in the company from a range of acquirer types. The merger of TPT into Amey will add value to both parties, and more importantly further improve services to end users. It has been an absolute pleasure working with both Travel Point Trading and Amey.”
Amey’s existing consultancy business has over 3,000 strategists, modellers, engineering design and asset management professionals. The acquisition broadens Amey’s expertise in the market and allows clients to make smart, informed decisions about their assets to not only maximise income opportunities, but also helps improve the overall passenger experience. There are a number of opportunities to utilise the expertise from TPT and enhance Amey’s existing services across airports, highways and light rail sectors.