Chevron Traffic Management Limited has announced the acquisition of Scottish traffic management company, Class One Traffic Management Limited.
In a deal which completed on 1st October, Class One TM will become part of the Chevron Group of companies which provides Traffic Management, Digital Services and Arboriculture Services in a range of sectors including High Speed, Local Authorities, Rail, Utilities and Events.
Speaking about the acquisition, Chevron CEO, Tim Cockayne commented:
“We are delighted to welcome Class One TM to Chevron. Class One TM is a perfect fit for our group. As well as being the leading traffic management company in Scotland, it shares our commitment to be the leading Work Zone Safety Company in the UK. We are looking forward to sharing experiences and opportunities to our mutual benefits.”
Chevron TM is at the forefront of embracing technology to deliver innovative digital services to its customers.
Class One TM, Managing Director, Mike Healey added: “This is a very exciting time for Class One TM. We have built a strong reputable business within Scotland for almost 30 years and are ready to open a new chapter for the company, our customers and our employees. This partnership will bring a range of benefits, from improved systems to a wider range of customer services including digital services. We are very proud of our success to date and look forward to maximising the opportunities which will come through Chevron TM and of playing a key role in their continued growth.”