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Melksham firm saves Railcare jobs in buyout
5:00pm Tuesday 10th September 2013 in Melksham
MELKSHAM-based train component-manufacturer Knorr-Bremse has bought out an ailing company, securing over 200 UK jobs.
Rail maintenance firm Railcare went into administration last month, with jobs lost at its Glasgow and Milton Keynes sites, but after the takeover another 202 skilled jobs will now be saved.
The company has been renamed Knorr-Bremse RailServices (UK) Ltd, and will continue to operate as a distinct company, focusing on train maintenance and repairs.
The German firm’s UK headquarters are based on the Bowerhill Industrial Estate, from where its entire UK operation is overseen.
Paul Goodhand, managing director of Knorr-Bremse in the UK, said, “We are delighted to welcome Railcare into the Knorr-Bremse family of companies based here in the UK.
“My team and I in the UK and the executive board of Knorr-Bremse are committed to the future success of Knorr-Bremse RailServices (UK) Ltd.
“We believe that with the support of Knorr-Bremse, both in terms of solid financial investment and in process and management experience and support, we will, together with the existing team, be able to create a strong new company.
“Our vision for Knorr-Bremse RailServices (UK) Ltd is to create a company which supports customers in keeping their trains running.
“We will offer them an outstanding range of quality train maintenance and repair specialist services going forward.”
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