Chevron TM | Chevron acquires R&W Traffic Management Ltd
Chevron Traffic Management and the R&W Group are pleased to announce that from 2nd January 2020 R&W Traffic Management Ltd, a business within the R&W Group and previously owned by Chantacre Ltd, became part of the Chevron Group.
The acquisition by the Chevron Group broadens its presence and capability in a sustainable way, building on the strong reputation and success of R&W Traffic Management. The addition of R&W Traffic Management’s people and resources to the Chevron business further enables the continued advancement and innovation in traffic management to generate safer, customer-focused solutions.
R&W will continue to focus on its core civil engineering business and to fulfil the requirements of its key highways and rail sector clients, including Highways England, Local Authorities and Network Rail.
The change in ownership will not affect R&W Traffic Management’s ongoing commitments and R&W’s Senior Leadership Team will continue to be actively involved in the business through to the end of the financial year (March 2020). The business will continue to trade as R&W Traffic Management Ltd under its new ownership in the short term.
All other businesses within the R&W Group – R&W Civil Engineering Ltd, R&W Rail Ltd, R&W Langley Ltd, R&W Environmental Ltd and R&W Ltd – will continue to partner with Chevron on future opportunities as the Chevron Group becomes their preferred traffic management supplier.
Tim Cockayne, CEO of Chevron Traffic Management said:
“Today is an exciting day for both Chevron and for R&W. The acquisition of R&W Traffic Management bolsters Chevron’s capability in both low and high speed traffic management in the South of England. They are already a valued supply chain partner and we look forward to working with the management team to introduce our digital technologies to support further growth and development of the organisation.”
R&W Group’s Chairman, Howard Hutchinson said:
“We are pleased that our traffic management business will be joining the Chevron team. We look forward to seeing both businesses flourish, as they continue to deliver a high quality, customer-focused service, keeping road workers safe and road users informed. It is also a great day for the rest of the R&W Group, allowing us to focus on our growing highways, rail and environmental strengths while still being supported by our Chevron partners.”