18 May 18 London-based rail plant specialist Quattro Group has taken over Glasgow plant hire firm AB2000.
The deal sees the acquisition of all trading divisions of AB2000, including Ellon Plant Hire Limited, Phoenix Weights and Phoenix Marine.
AB2000 brings with it a £30m turnover and a varied fleet of more than 450 items of plant, ranging from mini excavators and concrete pumps to mobile cranes, adding a significant boost to Quattro Group's existing fleet of 450 machines.
The purchase price was not disclosed but Quattro said it was "a multi-million pound deal", funded by RBS.
AB2000's Glasgow head office and two regional depots are being merged into Quattro Group's existing nationwide depot network, with all staff retaining their roles. AB 2000 founder Adam Bruce will remain with the organisation as an advisor, and Jim Houston, currently AB2000's chief executive, becomes managing director.
Adam Bruce formed AB2000 in 1995. In 2002 the company acquired the specialised rail plant assets of G Plant Rail Ltd. In 2005 it added the mobile crane and plant fleet of Motherwell Bridge. Ellon Plant was acquired in 2013.