14.01.2019

Loxam completes UK Platforms deal

Loxam has completed the acquisition of UK Platforms from HSS Hire, six months after the £60.5 million deal was agreed through Loxam’s UK subsidiary Nationwide Platforms. See Loxam acquires UK Platforms

The Competition and Markets Authority (CMA) cleared the deal on December 19th after ruling that it did not plan to refer it to a phase two investigation under the provisions of the Enterprise Act 2002.
See Loxam cleared for UK Platforms takeover

HSS said that it will use the proceeds to reduce debt and increase its focus on its core tool hire business.

Comments

another one in the hands of loxam,
we will all being wearing red and grey soon

14 Jan 2019
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