Speedy Hire to acquire Green Power Hire for £20m.

Speedy Hire, a tool and equipment hire services company, agreed to acquire Green Power Hire, a sustainable power solutions specialist, for £20m. "The acquisition of Green Power Hire is further evidence of our Velocity strategy in action, strengthening our market leadership in combining product innovation and sustainability, and positioning Speedy well in a high growth segment of the market. Alongside investments such as our partnership with Niftylift and our proposed JV with AFC Energy, the acquisition progresses the sustainable and technological evolution of the sectors we operate in, supports our ambitious plan to become a net zero business by 2040 and will deliver long term benefits to our customers, our people and our investors," Dan Evans, Speedy Hire CEO.