Lambertsson gets more autonomy

By Murray Pollok18 March 2008

Swedish rental company Lambertsson has become part of a new publicly listed Peab Industri business following the separation of Peab into two public companies.

Peab Industri now comprises the Lambertsson rental business as well as Peab's asphalt, concrete production, aggregate and transport divisions.

The Peab main construction contracting business - which is Lambertsson's biggest single customer, representing around 70% of its revenues - is now a separate company.

IRN understands that Lambertsson has a five-year supply agreement with Peab. Benny Andersson, manager of the machinery rental division within Lambertsson Sweden, said the change in ownership would help Lambertsson become a more competitive organisation, capable of winning more external business. However, he said; “Our target is to keep Peab as a big customer as well - that is very important.”

Lambertsson operates in Sweden, Finland and Norway and, in addition to the general equipment division, has crane and power rental activities. The flotation prospectus for Peab Industri said the priorities for Lambertsson would be organic growth alongside its sister businesses as well as complementary acquisitions in Nordic markets, including “specific plans to increase the presence in both Norway and Finland.” The prospectus also said Lambertsson would strengthening its power rental operation.

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