Transport for Wales (TfW) have signed a deal with Colas Rail UK to purchase specialist rail engineering firm, Pullman Rail Limited.
Following a national review of depot and stabling options, TfW concluded that the acquisition of Pullman would help build on an already close working partnership, with additional investment delivering further improved results for TfW and Pullman customers and clients.
Pullman are providers of specialist engineering services for rail vehicles in the UK and operate from a large depot in Canton, Cardiff.
The same depot is also used by TfW, the largest in their network and where the vast majority of the operator’s trains are serviced, cleaned and maintained.
Canton depot will provide the required capacity and resilience to support the introduction of TfW’s flagship Metro scheme, alongside new rolling stock for the Wales and Borders network.
Transport for Wales CEO James Price said: "High performing and enterprising, Pullman reflect many of TfW’s own values. Pullman has been operating in the UK for more than 25 years, delivering high quality products and services.
“This technical expertise, quality workmanship and innovation are integral to the UK rail industry, ensuring legacy fleet can be maintained.
"TfW are proud to be aligned with this strong heritage and of the opportunities this partnership will present for the growth of both organisations in the future, in improving rail services for our passengers and securing jobs locally in Wales."
TfW are the not-for-profit organisation established by Welsh Government to deliver on and drive forward its vision for an integrated transport network.
Following the purchase, Pullman would continue to operate as a stand-alone business as Pullman Rail Ltd. Activity would remain business as usual, with existing services continuing to be delivered under the Pullman brand despite the new ownership.