Wednesday, June 3, 2009

Haulotte buys Access Rentals out of administration

Haulotte has bought Telford-based platform hirer Access Rentals out of administration.

The French access giant paid an undisclosed fee to administrators KPMG for the assets and staff of the business, who will transfer across to Haulotte under TUPE. There will be no redundancies among its 70 staff.

However, Access Rentals' 1400-strong fleet remains owned by a finance company. The fleet includes articulated booms, telescopic booms, scissor lifts, vertical masts, and some specialist access equipment.

"We've bought Access Rentals as an ongoing business, which we'll run as a separate entity," said Philip James, Haulotte UK's general manager. "It has a strong customer base and it's been trading as normal today."

Access Rentals had revenues of "approximately ВЈ10m" in its last financial year, said James. It currently has nine branches around the UK.