Mechan, the Sheffield-based manufacturer of depot equipment such as jacking systems, bogie drops and traversers, has been acquired by the French CIM Group.
CIM’s products and services include the design and management of railway infrastructure supply and construction projects. The group operates in more than 90 countries worldwide in the fields of rail and public transport and mining and has an annual turnover in excess of €55 million.
Mechan managing director Richard Carr (left) said: “This takeover will provide us with an excellent opportunity to accelerate our international development. I will continue to lead Mechan’s expert team and as far as existing clients are concerned, it will be business as usual. However, we are looking forward to raising CIM’s profile in the UK and becoming part of an organisation that has demonstrated its dynamism through consistent growth.”
CIM Group chief executive Alain Lovambac (right) added: “Mechan is a particularly innovative and successful company whose high-quality products are complementary to our own. This acquisition strengthens our ambition to become a world leader in the design and supply of turnkey railway workshop solutions.”