This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

Speedy hire acquires AMEC's Logistics and Support Services

09 January 2008

LSS operates from 10 UK depots and has approximately 250 full time employees. Upon successful completion of the consultation process with employee representatives these employees would transfer to Speedy.

Speedy Hire announces that it has strengthened its association with AMEC plc through the acquisition of the tool and equipment hire business of AMEC Logistics and Support Services Limited (‘LSS’). LSS is AMEC’s single point of supply for the provision of hire assets including tools, lifting equipment, general plant, temporary accommodation units and survey equipment. LSS operates from 10 UK depots and has approximately 250 full time employees. Upon successful completion of the consultation process with employee representatives these employees would transfer to Speedy.

Total consideration payable in cash will be £12.5m. Working capital, cash, and debt are not being acquired with the assets. Completion is expected to take place on 1 February 2008. As part of the transaction, AMEC’s Industrial division has entered into a four year exclusive supply agreement with Speedy to provide for hire a wide range of equipment in a variety of industrial related sectors. A preferred supplier agreement has also been established for other UK AMEC divisions.

Steve Corcoran, Chief Executive said: "We are very pleased to have acquired the LSS business which will further enhance our already strong relationship with AMEC. The securing of a four year trading agreement will enable both organisations to maximise supply chain opportunities whilst assisting AMEC in its drive for operational excellence in the key areas of health and safety compliance and quality assurance."

www.speedyhire.plc.uk


Print this page | E-mail this page

https://www.asckey.com/
https://www.bonahttps://www.bona.com/en/facility-solutions/.com/en/
PFM
https://www.aspenpumps.com/en-gb


MOST VIEWED...

View more articles
Article image

Relocation, relocation, relocation

We take a look at the trends and challenges affecting the relocation market...

...
Article image

Data-driven future

We take a look at the ways sensors and data are transforming FM......
Article image

Two-thirds of Elior's board now women

Women represent two thirds of Elior UK’s board following the appointment of Jo-Anne Robertson as its new Managing Direc...
Article image

Why the Law Says You Need a Nappy Bin Disposal Service

At home, parents are used to disposing of their babies’ used nappies the same way they do any other domestic waste - bagging it up and sticking it in the r...

Benchmarking maintenance

BSRIA has just published this year's operation and maintenance benchmarking report as a guide for building operators to evaluate their performance against ...
Article image

Fanning the flames

PFM explores how recent changes to UK legislation have impacted on fire safety measures within facilities in a post-Grenfell landscape......
https://www.ppspower.com/
https://www.floorbrite.co.uk/
https://www.asckey.com/
https://www.pfmawards.co.uk/
https://www.idealspec.co.uk/hygiene-redefined.html?utm_source=PFM&utm_medium=Newsletter+Banner&utm_campaign=Washroom+Ad+Campaign&utm_id=Washroom+Ad+Campaign&utm_term=October+2022
https://www.metrorod.co.uk/services/drain-maintenance-services/?utm_source=PFM&utm_medium=MPU&utm_campaign=PFM+MPU+-+Autumn+2022
https://www.articbuildingservices.com/
https://www.watco.co.uk/help-advice/watco-ebooks/guide-for-safety-underfoot-ebook-part1?utm_source=Premises+and+Facilities+Managment&utm_medium=Web+Banner&utm_campaign=RPFM_SU1eB