7:00AM 08|02|16

Acquisition of OHP Limited strengthens Speedy's rail sector offering

Speedy Hire Plc, the tools, equipment and plant hire services company, operating across the construction, infrastructure and industrial markets, is pleased to announce that it has acquired the OHP Group.

The OHP Group employs 25 staff and primarily comprises Rail Hire (UK) Limited, a company specialising in the hire of overhead line equipment ('OLE') to the rail sector. The OHP Group also includes Crewe Plant Hire Limited, a tools and equipment hire business operating from premises in Crewe. The OHP Group's founder and Managing Director, Martin Davies, will remain with the business post-acquisition.

Russell Down, Chief Executive of Speedy, commented:

'I am delighted to announce this acquisition which will help expand our business in this specialist sector of a growing UK rail market and further enhance our market position. Martin and his team are renowned in the rail hire industry for their in-depth specialist knowledge, and this strategic acquisition will enable Speedy to provide a broader set of services and specialist expertise to our customers in the Rail sector'.

Enquiries:

Speedy Hire Tel: 01942 720 000

Russell Down, Chief Executive

Chris Morgan, Interim Group Finance Director

Speedy Hire plc issued this content on 08 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 February 2016 13:59:30 UTC

Original Document: http://investors.speedyservices.com/media-centre/press-releases/2016/02/08/acquisition-of-ohp-limited-strengthens-speedy-s-rail-sector-offering/