Ashtead subsidiary A-Plant has acquired Eve Trakway’s parent company the Accession Group for £28m and a possible additional £7m depending on performance next year.

Eve Trakway specialises in temporary roadways, bridges, fencing, crowd control barriers and traffic management.

Accession is based in Derbyshire and has seven locations across the UK with a turnover of £26m.

Ashtead chief executive Geoff Drabble, said: “We are delighted to conclude this acquisition in line with our long term strategy of developing high value added speciality businesses which broaden our product offering and the markets we serve.

“It also provides us with cross-selling opportunities to further improve our existing business.”

Sat Dhaiwal, Chief Executive Officer for A-Plant said: “We are very excited about the acquisition of Eve; we believe that the product range and markets served will complement the existing A-Plant business and together we believe there will be a number of market opportunities.

“A-Plant already hires equipment into the UK events market; we supplied a great deal of equipment during the London Olympics & Paralympics which was used to direct pedestrians and traffic around the venues, but for certain types of equipment we had to supply on a re-hire basis.

“Having Eve under the A-Plant umbrella gives us the opportunity as a group to supply more of a complete package to the events industry, as well as opening up Eve’s customer base to a wider range of equipment”.