Eve Trakway

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The company's products loaded after an outdoor event at Trent Park, London. Eve Trackway 02.JPG
The company's products loaded after an outdoor event at Trent Park, London.

Eve Trakway are a supplier of temporary access systems. The firm is the principal trading subsidiary of Accession Group Limited, which in 2013 was acquired by Ashtead Group plc for cash of £28 million, and a £7 million earnout. [1] [2]

Earnout or earn-out refers to a pricing structure in mergers and acquisitions where the sellers must "earn" part of the purchase price based on the performance of the business following the acquisition.

Contents

History

Eve Trakway originates from a division of J. L. Eve Construction, which built the wartime Chain Home radar transmitter masts.

J. L. Eve Construction was a civil engineering company from south London.

Chain Home

Chain Home, or CH for short, was the codename for the ring of coastal Early Warning radar stations built by the Royal Air Force (RAF) before and during the Second World War to detect and track aircraft. Initially known as RDF1, and given the official name Air Ministry Experimental Station Type 1 in 1940, the radar units themselves were also known as Chain Home for most of their life. Chain Home was the first early warning radar network in the world, and the first military radar system to reach operational status. Its effect on the outcome of the war made it one of the most powerful weapons of what is today known as the "Wizard War".

Structure

It is based at Bramley Vale near Ault Hucknall, off the A617 in eastern Derbyshire.

Bramley Vale village in United Kingdom

Bramley Vale is a village in Derbyshire, England, south of Bolsover. It is in the civil parish of Ault Hucknall.

Ault Hucknall village and civil parish in the Bolsover District of Derbyshire, England

Ault Hucknall is a village and civil parish in the Bolsover district of Derbyshire, England. The population of the civil parish as of the 2011 census was 1,053.

A617 road road in England

The A617 road runs through the northern East Midlands, England, between Newark-on-Trent and Chesterfield.

Products

The firm provide temporary roads, bridges, footpaths, and crowd control barriers for use in transport and construction projects and outdoor events.

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References

  1. LDC Exits Eve Trakway in £28m Sale to Ashtead Group Plc. LDC, 13 May 2013. Retrieved 15 August 2015.
  2. LDC exits Eve Trakway in £28m sale. Yorkshire Post , 13 May 2013. Retrieved 15 August 2015.