Hewden places £25m Cat telehandler order

Hewden has bought 463 Cat C Series telehandlers from Finning in a deal worth £25 million. It is the single largest order placed by Hewden since it was acquired from Finning by Sun Capital Partners in 2010 and also the largest single order for Caterpillar telehandlers in the country.
The Cat handlers will form part of Hewden’s ’core fleet’ - among the 30 most popular products in its fleet, on which Hewden offers a next day delivery guarantee.
The order is the latest in a number of large telehandler investments by UK rental companies, with Nixon Hire and Fork Rent both announcing major deals in recent months. The orders reflect both an improvement in the UK’s housebuilding sector and a renewed appetite for fleet investment by UK rental companies.
Kevin Parkes, Hewden CEO, said: “These products are in high demand from customers and form part of our core fleet proposition. Our investment will ensure we are able to say yes to even more hires and satisfy even more customers.”
Hewden has taken out full service contracts on the equipment, which means that all will be condition monitored by Finning’s ’Finsight’ technicians.
Jason Howlett, Finning Equipment Solutions director, said: “Getting back to core business with Hewden has been a key goal for the Finning team, led by our strategic plant hire account manager, Andy Davies.
“Like Hewden, we have seen substantial growth in the Telehandler market and in our market share, thanks to the new C Series range. With so many units set to be available for next day delivery with the Hewden core fleet guarantee, both businesses will benefit from the increased use of the Cat C Series in the market.”