Danaher Moulton has advised the shareholders of ActivateRail Pty Ltd on the sale of 100% of the company to Protech Group (Aust) Pty Ltd.
Established in 2018, ActivateRail has grown to become a leading provider of rail services across Victoria, with capabilities spanning safeworking, rail operations, consulting and project management. The business has built a strong reputation for safety, quality and customer outcomes and established an important position in the Victorian rail sector.
The acquisition by Protech marks the next stage in ActivateRail’s growth, combining its specialist rail capability with Protech’s broader workforce solutions and services platform. Protech operates across a range of technical industries, including rail, infrastructure, construction, engineering and resources, and brings additional scale and capability to support ActivateRail’s continued growth.
The transaction completed on 9 September 2026 following ACCC approval.
The Danaher Moulton team was led by Partner, Steven Wambeek with support from Senior Associate Elizabeth Gregory, working alongside corporate advisers Henslow.
Commenting on the transaction, Steven Wambeek said:
“We were delighted to support the ActivateRail shareholders and management team through this transaction. They have built an impressive business in a relatively short period, with a strong reputation in the Victorian rail sector and a clear focus on safety, quality and customer outcomes.
Protech is a strong strategic fit and well placed to support the business through its next phase of growth.”
The transaction highlights the value of specialist capability in the mid-market, particularly where businesses have strong relationships with major infrastructure owners and operators.
For further information, please contact Steven Wambeek, Partner.
