Algeco initiated Scotsman deal

By Murray Pollok18 March 2008

It was Algeco's owners who initiated the merger deal with Williams Scotsman, recently filed financial documents have revealed.

Williams Scotsman's by Algeco describe how UK private equity group TDR Capital, owner of Algeco's in December 2006 and again in January 2007.

TDR initially asked if Williams Scotsman would be interested in acquiring the Ristretto Group. This contact initiated a strategic review by Williams Scotsman that ultimately led to the agreement for Ristretto to acquire Williams Scotsman.

The acquisition, which has still to be finalized, will see Williams Scotsman become the lead organisation after the merger. London-based TDR acquired Algeco from TUI AG in September 2004. In May 2005 it further acquired Elliott Group in the UK, creating Ristretto Group.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, International Rental Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
Loxam accelerates environmental shift
Equipment rental company aims to halve direct emissions by 2030 and cut indirect emissions by 30%
New HBOX+ lighting tower from Himoinsa
HBOX+ is designed for efficiency, connected remote control, safety and easy transport
Carrier Rental Systems launches ‘clean air’ fleet
Air scrubbers and filter units are designed to improve indoor air quality and improve productivity
CONNECT WITH THE TEAM
Murray Pollok Managing Editor Tel: +44(0)1505 850 043 E-mail: murray.pollok@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA