Porterbrook takes stake in Brodie Engineering
Posted: 21 February 2024 | Emily Budgen | No comments yet
The UK’s leading rolling stock financier and asset management company Porterbrook have agreed a deal with Brodie Engineering.
The UK’s leading rolling stock financier and asset management company Porterbrook has agreed a deal to take a 49% stake in Brodie Engineering.
The Kilmarnock based company is the only active rail engineering business in Scotland, specialising in heavy maintenance, refurbishment and overhauls for passenger and freight vehicles.
“Brodie Engineering is an excellent fit for us” said Mary Grant, CEO of Porterbrook. “The expansion in recent years into the Caledonia Works underlines the ambition of Gerry Hilferty and his team. They’re doing a fantastic job and will continue to run the day-to-day operations of the company”.
Join our free webinar: Rail cyber-security in a time of technological and regulatory transformation
Join our expert panel, including speakers from Nokia and Siemens Mobility, to explore the critical convergence of cybersecurity and 5G rail comms.
Date: 3 Dec | Time: 15:00 GMT
Can’t attend live? No worries – register to receive the recording post-event.
“A healthy supply chain is fundamental to a reliable and efficient railway. Today’s agreement means we can better support our customers’ fleets in Scotland, and across the whole of the UK.”
Gerry Hilferty, CEO of Brodie Engineering, said: “This is an exciting new chapter for our team, who can all be very proud of their hard work and determination in making the company what it is today. We have a strong relationship with Porterbrook and can now look forward to a long and successful partnership as we begin the next stage in this journey.”
The company began operating in 1996 and works across two sites based either side of the Kilmarnock rail track; the Bonnyton Works, and the Caledonia Works which the business acquired in 2020.
Today’s deal further underpins Porterbrook’s ability to provide a full turnkey solution for its customers and fleets, alongside continued investment to upgrade facilities across the 135-acre Long Marston Rail Innovation Centre in Warwickshire.
More Like This
Siemens Mobility signs framework agreement with Railpool
RATP Dev wins new contract in France
Amtrak spring travel flash sale offers big savings across the country
OUT NOW: The Definitive Guide to Rail’s Digital Future
The rail industry is undergoing a digital revolution, and you need to be ready. We have released our latest market report, “Track Insight: Digitalisation.”
This is not just another report; it’s your comprehensive guide to understanding and leveraging the profound technological shifts reshaping our industry. We move beyond the buzzwords to show you the tangible realities of AI, IoT, and advanced data analytics in rail.
Discover how to:
- Optimise operations and maintenance with real-time insights.
- Enhance passenger services through seamless, high-speed connectivity.
- Leverage technologies like LEO satellites to improve safety and efficiency.
Featuring expert analysis from leaders at Nomad Digital, Lucchini RS, Bentley Systems and more, this is a must-read for any rail professional.
