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.