Product plans revealed by Lavendon

By Euan Youdale09 October 2015

Lavendon Group has confirmed how its UK£85 million (€120 million) investment in its rental fleet for 2015 will be spent, in terms of product mix.

This overall investment of £85m includes £20 million brought forward from 2016 into the 2015 financial year, accelerating the delivery of additional fleet in the final months of this year to position the group for growth opportunities going into 2016.

The investment will see around 1500 booms, 1450 scissor lifts and 200 truck and van mounts enter the fleet across the business, to expand its capacity and renew the fleet.

Don Kenny, chief executive of Lavendon, commented, “It demonstrates our commitment to delivering the investment required to grow the business and our confidence in thegGroup’s ability to capitalise on our strong market positions.”

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
New battery storage systems from Aggreko
Batteries offer 40-50% reductions in fuel costs and emissions
Speedy trading update points to growth
UK rental company maintains “positive trading momentum” 
Herc posts upbeat Q2 and H1 2021 results
Planned market expansion supported by strong rental market and rising CapEx
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