7
NEWS
Ramirent has added 45 Geda transport
platforms to its fleet, comprising 25
300 kg capacity and 20 500 kg capacity
units. The hoists can be used as a
materials-only hoist or for personnel and
materials. The order follows a change
in regulations in Finland from February
this year, with Finland’s Department
of Occupational Safety andHealth
authorising the use of transport platforms
for carrying personnel.
SHARE PRICES
Start date Previousmth
Currentmth
% change
COMPANY
11/1/06
18/2/14
Acces Industrie (France)
€
0.47
3.02
3.52
+16.6%
Aggreko (UK)
£
2.75
16.17
15.03
-7.0%
Ashtead Group (UK/US)
UK£
1.83
8.39
9.75
+16.2%
Boom Logistics (Australia)
A$
3.70
0.16
0.15
-6.2%
Cramo (Fin)
€
13.0
15.20
15.60
+2.6%
GAM SA (Spain)
€
8.00
0.78
0.77
-1.3%
GL events (France)
€
29.96
17.05
16.48
-3.3%
H&E Equipment
US$
–
30.51
40.27
+32.0%
Kanamoto
Yen
–
2618
3035
+15.9%
Lavendon (UK)
UK£
2.20
2.02
2.42
+19.8%
MobileMini (US)
US$
46.2
41.57
44.48
+7.0%
Ramirent (Finland)
€
23.43
8.91
8.36
-6.2%
SpeedyHire (UK)
UK£
8.32
0.67
0.59
-11.9%
United Rentals (US)
US$
24.9
83.31
96.02
+15.2%
IRN
INDEX
100.0 257.7
274.5
+6.5%
Note: The index is basedonaggregate changes inmarket values of the companies in the list.
The initial index valueof 100 is basedon values on 11 January 2006.
IRN
Rental Share Index
Saudi car renter buys
ByrneEquipment
IRNAPRIL-MAY 2014
Saudi Arabian car rental and leasing
company Hanco has acquired Byrne
Equipment Rental, one of the largest
rental businesses in the Middle East,
for US$163million.
Hanaco has acquired Byrne from
Havenvest Private Equity Middle
East and HSBC Bank Middle East.
The deal includes Byrne’s sister
division, Spacemaker, a portable
accommodation sales and rental
business.
Hanco has acquired 75% of Byrne
with the Venture Capital Bank
acquiring the other 25%.
Byrne is one of the top 100
equipment rental companies in
the world and probably the second
largest in the Middle East, after
Zahid Tractor’s rental operation. It
has 450 employees and 13 offices in
Bahrain, Kuwait, Oman, Qatar, Saudi
Arabia, and theUnitedArab Emirates.
Hamad S Al Sulaiman, CEO of Hanco,
said: “The acquisition gives a strong
impetus to Hanco’s aspirations to be
the leader in the MENA [Middle East
andNorthAfrica] region’sasset rental
and leasemarket.
“Byrne’s current GCC [Gulf
Cooperation Council] market
presence and planned expansion
dovetails well with our own regional
expansionplans,making it anexciting
acquisition for us…Synergies between
Byrne’s and our other businesses will
make Hanco a powerful force in the
equipment rental market”.
Hanco was established in 1976 and
itsmainbusiness is leasing, car rental
and fleet management. It owns more
than 20000 vehicles and has five
regional offices, 130 outlets and 14
workshops in Saudi Arabia.
ZeppelinRental
acquiresStreif
Baulogistik
Hochtief has sold the majority
of its Streif Baulogistik rental
business to Zeppelin Group, the
Caterpillar dealer in Germany.
Zeppelin will merge Streif with its
ZeppelinRental division.
The deal, for an undisclosed
price, will see Zeppelin Rental
take on its power, portable
accommodation and project
planning and logistics operations.
Not include in the acquisition is
Streif’s formwork rental business
or its fleet of 500 tower cranes.
IRN100data
needednow
IRN
readers are requested to
submit their IRN100 survey data
before Friday 9May.
The IRN100 list ranks the
world’s top 100 equipment
rental companies by rental
revenues (excluding sales of new
equipment).
Companies with annual revenues
of more than €45 million are
requested to provide the following
data:
■
Rental revenues in 2013 (or
2013/14 fiscal year)
■
Number of depots
■
Number of employees.
Please E-mail your company data
to
IRN
Editor Murray Pollok at:
The list will be published in the
June issue of
IRN
. Thank you for
your help.
OneCall invests£13mwithFinning
UK rental business One Call Hire
has purchased 242 new Caterpillar
machines fromFinning inadealworth
£13million.
The London-based firm has added
80 Cat 312Es, 72 Cat 308E2s, 60 Cat
305Es, 20 Cat 320EL HSRs and six Cat
D6T LGPs dozers to its fleet following
an increase in customer demand.
John Fitzpatrick, director at One
Call Hire, said: “With the construction
industry growing again, we’re able
to continue our investment in our
plant hire fleet tomeet the increased
demand for hydraulic excavators in
particular.”
The deal reflects renewed optimism
in the UK. Among other examples
include Hewden, which is to invest
around £180million in its fleet in the
2014-2016 period, while Lynch Plant
will spend £57.3 million this year,
including £40 million on Kubota
excavators.
