26th April 2011

Algeco Scotsman Acquires Speedy Space

  • Algeco Scotsman Acquires Speedy Space

BALTIMORE, MD - Algeco Scotsman, a leading global business services company focused on modular space and secure storage solutions, today announced the acquisition of the business and assets of Speedy Space, a division of Speedy Hire PLC. Speedy Space's fleet and operating branches will be integrated into Algeco's business operations in the United Kingdom, known as Elliott.

Elliott and Speedy Hire will also enter into a multi-year partnering agreement to provide customers in the UK with an integrated service that combines the expertise of each company in their respective products and services, making the full range of their products and services available to each other's customers.

"This acquisition affords us new capabilities to better serve all of our customers, especially those with needs throughout the country," said Mark Eburne, managing director for Elliott. "Customers can continue to rely on us for superior service and will now have access to more units from more locations."

As a result of the transaction, Algeco Scotsman has added more than 16,000 units to its fleet and new locations in Chicester, Swindon, Ipswich and Derby.

"This deal underscores our ongoing commitment to enhancing the reach and scope of our business in the UK," said Duncan Gillis, chief executive officer of Algeco Scotsman. "We welcome the Speedy Space team to the company, as we join forces to provide excellent service and value to customers."