The Corporate team at Coffin Mew has advised TRL Limited (the Transport Research Laboratory) on its acquisition of Transport & Travel Research Limited (TTR), making it a wholly owned subsidiary of TRL.
TRL has been a minority shareholder in TTR since 2010, building a close and successful partnership between the two companies.
This acquisition has been welcomed by both organisations and will further enhance their strategic market opportunities. During the past few years there has been increasing evidence of the value of the partnership to their respective clients, with the bringing together and strengthening of teams in a range of specialist transport areas. It has also facilitated the broadening of both TRL and TTR’s capabilities in both UK and wider international markets.
The two organisations share strong track records working in UK Government, European and other international markets in fields such as sustainable transport, low carbon vehicles, air quality and low emission strategies and freight policy and efficiency. Joint teams have worked in a number of high profile projects in the UK, including Transport for London’s trials for ‘Out of Hours Delivery Services’ prior to the 2012 Olympics, and their major programme of Safer Cycling Innovation trials in 2013. From an international perspective, TRL, supported by key experts from TTR, has secured a contract from the Department of Transport in Abu Dhabi to undertake the ‘Abu Dhabi Low Emission Zone – Feasibility and Design Study’.
Rob Wallis, CEO of TRL, said:
TRL is increasingly asked by clients for its thought-leading research and innovative, evidence-based solutions across many sectors of transport, automotive and motor sport. This acquisition strengthens TRL’s market proposition in some core areas of its growth strategy, including certification and assurance services. This is an exciting step in the evolution of the two organisations, allowing further investment in expertise to deliver greater value to clients.
Legal advice on the transaction was provided to TRL by Richard Swain and Amanda Brockwell of Coffin Mew, who are based at the firm’s Southampton office.
We enjoy working with TRL, and were delighted to be able assist them with this key acquisition for the continuing strategic growth and development of TRL as a world leader in traffic and highways research and consultancy.