Algeco Scotsman acquires the business and assets of Speedy Space, a division of Speedy Hire PLC

Algeco Scotsman, a leading global business Services Company focused on modular space and secure storage solutions, announced it had acquired the business and assets of Speedy Space, a division of Speedy Hire PLC. Speedy Space's fleet and operating branches will be integrated into Algeco's business operations in the United Kingdom, known as Elliott.

Elliott and Speedy Hire will also enter into a multi-year partnering agreement to provide customers in the UK with an integrated service that combines the expertise of each company in their respective products and services, making the full range of their products and services available to each other's customers.

Mark Eburne, managing director for Elliott, commented that the acquisition affords Elliot new capabilities to better serve all of its customers, especially those with needs throughout the country. According to Mr Eburne, customers can continue to rely on Elliot for superior service and will now have access to more units from more locations.

As a result of the transaction, Algeco Scotsman has added more than 16,000 units to its fleet and new locations in Chicester, Swindon, Ipswich and Derby.

Duncan Gillis, chief executive officer of Algeco Scotsman, said the deal underscores Algeco’s ongoing commitment to enhancing the reach and scope of its business in the UK.  Mr Gillis welcomed the Speedy Space team to Algeco; stating that joining forces will enable the firms’ provide excellent service and value to customers.

Algeco Scotsman is a leading global business services provider focused on modular space and storage solutions. Operating as Williams Scotsman in North America and Algeco in Europe, the company manages a fleet of more than 300,000 units, with operations in Belgium, Canada, China, Czech Republic, Estonia, Finland, France, Germany, Italy, Lithuania, Luxembourg, Mexico, Netherlands, Poland, Portugal, Romania, Russia, Slovakia, Spain, Sweden, United Arab Emirates, United Kingdom and United States.

Speedy Hire plc is a holding company engaged in the provision of equipment for hire and sale, and associated services to construction, infrastructure, industrial and related industries. It is a business-to-business support services company.

It provides a range of products for hire to the construction market, specialist industries, their supply chains and the public sector. It has also developed additional services, such as facilities management services, regulatory testing and inspection, maintenance and asset management and training. It operates in two divisions: tool hire division and equipment division.

27th April 2011