Explore Transport Limited (ETL), a 50:50 joint venture between Laing O’Rourke’s Select Plant Hire and WS Transport has announced the decision to divide its business units.
Explore Transport Limited has previously operated as one entity with three distinct internal business areas. To enable both shareholders to focus on their core strengths an agreement has been reached to divide the business units, with Select Plant Hire acquiring the civil plant and tool hire business, and WS Transport taking sole control of the transport and rail plant businesses.
This decision will enable both businesses to focus on their distinct core strengths, whilst continuing a strong strategic partnership with Explore Transport remaining the exclusive transport and haulage provider for both Select Plant Hire and Laing O’Rourke.
Mark Herlihy from Select Plant Hire commented on the transaction:
“Following the sale of the plant and tools business to ETL in 2017, the business has continued to prosper as part of Explore Transport Limited. Select Plant Hire is delighted to be bringing this business back, and further enhancing Select’s plant capability, whilst continuing to work in an exclusive logistics partnership with Explore Transport.”
David Cox from WS Transport Limited stated:
“We are delighted to confirm that Explore Transport will be continuing the strategic partnership with Laing O’Rourke and Select. Throughout the last ten years we have seen the business develop into three very distinct streams and this transaction will enable both businesses to continue to develop and benefit from the individual strengths of our organisations.”