A-Plant has signed a definitive agreement to acquire LION Trackhire
London, 29 June 2016 – Ashtead Plant Hire Company Limited (‘A-Plant’), part of FTSE 100 company Ashtead Group plc, and Lion Trackhire Limited (‘Lion Trackhire’) have signed a definitive agreement with Lion Trackhire’s shareholders Carl Springthorpe and Dale Robinson to acquire Lion Trackhire, a temporary access and flooring solution provider.
The acquisition of Lion Trackhire is an exciting opportunity for A-Plant’s and Lion Trackhire’s customers. The combination will create a more efficient and diversified firm. UK customers will benefit from increased availability of temporary access and flooring solutions in the UK, in the form of competitively priced quality products and services. The combination will also enable A-Plant to expand its business into Europe.
Completion of the transaction is subject to certain conditions precedent and is anticipated to happen before 31 October 2016.