Lavendon increases investment in 2015
By Helen Wright13 October 2015
Powered access rental company Lavendon Group said it had invested £85 million (€120 million) in its fleet this year, included accelerated delivery in final months.
The company, which operates in Europe and the Middle East, said the investment included around £20 million (€27 million) brought forward from 2016. It said this move would accelerate the delivery of additional fleet in the final months of this year, and position it for growth opportunities going into 2016.
Lavendon said the investment would see around 1500 booms, 1450 scissor lifts and 200 truck and van mounts enter the fleet across the business. It said the new additions would expand its capacity and continue its fleet refreshment programme.
Chief executive Don Kenny said the investment was part of the company’s ongoing fleet optimisation strategy. “It demonstrates our commitment to delivering the investment required to grow the business and our confidence in the group’s ability to capitalise on our strong market positions.”
Lavendon has operations in the UK, Germany, Belgium, France, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE. Its equipment rental fleet totals almost 20000 units.