Engineering services company Renew has acquired specialist engineering business Route One Holdings (Wakefield) Limited for £5 million.
Based in West Yorkshire, Route One is a multi-disciplinary contractor operating in the UK Highways sector, providing end-to-end solutions for bridge deck maintenance and protection.
It currently has several long-term frameworks secured across England on the National Highways Scheme Delivery Frameworks.
Route One will be integrated into Renew’s wholly owned subsidiary, Carnell Group Holdings Limited.
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It will expand Carnell’s existing offering by adding new capabilities to the group’s highways business, with particular expertise in bridge and structures maintenance and repairs.
“The acquisition represents an excellent strategic fit for the group,” said Renew. “The UK Government’s planned investment in the next Road Investment Strategy (RIS3) from 2025 to 2030 will provide good growth opportunities, where the structures renewal programme has been identified as a key priority.”
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