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Announced

Completed

Loxam acquired UK Platorms from HSS Hire Group for £60m.

Financials

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Transaction Value£61m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales3.6x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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powered access equipment rental

Equipment Rental

United Kingdom

Disposal

Private

Friendly

Single Bidder

Completed

Synopsis

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Loxam, which offers equipment rental services, acquired UK Platorms, a specialist in powered access, from HSS Hire Group, a supplier of tool and equipment hire in the United Kingdom and Ireland, for £60m. Don Kenny, CEO of Loxam’s Powered Access Division states: “I am delighted with the acquisition of UKP which will further reinforce NWP’s position as the leading powered access specialist in the UK. The customers, employees, fleet & facilities that UKP will bring to NWP will help us expand our offering and enhance our service to both sets of customers. The partnering agreement with HSS is an exciting development for both companies which I am sure will bring mutual benefits to both our & HSS’ customer’s.”

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