Polarteknik Oy (via its UK subsidiary Polarteknik UK Ltd) has acquired the business and assets of Train Door Solutions Ltd pursuant to a business purchase agreement that completed on 31 January 2020. The planned start of business operations under the new Polarteknik ownership structure will be 1st of February 2020.
Train Door Solutions is a UK company specialising in servicing pneumatic and electrical door systems. The company, from its registered office in Milton Keynes, UK provides its services for leading train service companies, fleet owners and OEM manufacturers. Train Door Solutions’ owners are Nigel Mason, Vanessa Mason and Toni Goff, with Nigel and Vanessa Mason continuing in management roles under Polarteknik’s ownership. The new company will keep its name as Train Door Solutions and will continue to operate as a standalone company.
Train Door Solutions’ Director Nigel Mason: “It was time to take the next step in Train Door Solutions’ strategy. With Polarteknik as our new owner, we are able to continue to develop the business together.”
Polarteknik Oy, based in Huittinen, Finland, provides door systems, partition walls and components for leading railway OEM manufacturers such as Hitachi, Bombardier, Siemens, Alstom and Stadler. Polarteknik has been supplying door systems for the UK market for more than 20 years and has worked closely with Train Door Solutions since 2013. Today Polarteknik is a European market leader in interior automatic and fire door systems.
Polarteknik’s Managing Director Tomi Ojala: “Train Door Solutions is a strong and respected company with a lot of knowledge of door systems’ service, maintenance and refurbishment. This deal will complement Polarteknik’s strategy in strengthening local service and manufacturing activity in one of our main markets”.
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