Speedy Hire acquires lifting equipment specialists

By Joe Malone19 December 2016

Russel Down, CEO, Speedy Hire

Russel Down, CEO, Speedy Hire

UK rental company Speedy Hire has announced it has acquired the brand, business and assets of Lloyds British Testing.

Lloyds British carries out testing, certification and inspection of lifting equipment, as well as training across the UK.

Speedy Hire said that around 200 Lloyds British employees will join its company, across the existing network of 12 Lloyds British offices.

The company added that Lloyds British would complement its existing lifting, testing and training businesses, as well as enhancing its overall offering to its customers.

Speedy Hire said it expected its earnings before interest, taxes, depreciation and amortization (EBITDA) to be approximately £1 million (€1.19 million).

The company recently announced its half-year results for the 2016-17 financial year, reporting increased revenues of 5.2% year-on-year.

Russel Down, CEO, Speedy Hire, said, “This acquisition gives us the ability to provide enhanced training, testing and lifting services to our customers, and realise synergies with our existing lifting business. I would like to warmly welcome Lloyds British employees to Speedy.”

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, Access International Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Peri launches digital concrete monitoring kit
Temperature Monitoring and Concrete Maturity Kit takes temperature readings from different points in concrete
‘Bad’ data costing construction US$1.8 trillion
New study reveals cost to construction of inaccurate and untimely information
Webinar on cybersecurity in rental and construction, 4 November
IRN free webinar will have senior speakers from Loxam, Ritchie Bros and Palfinger
CONNECT WITH THE TEAM
Euan Youdale Editor, Access International Tel: +44 (0)1892 786 214 E-mail: euan.youdale@khl.com
Ollie Hodges Sales Manager Tel: +44 (0)1892 786253 E-mail: ollie.hodges@khl.com
CONNECT WITH SOCIAL MEDIA