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.”