A-Plant acquires Hewden assets
29 November 2016 by Sotiris KanarisA-plant, part of Ashtead Group, has acquired £29m assets from EY, the administrator of Hewden. The deal includes some lifting-related assets and staff, but not Hewden’s crane fleet.
Hewden, one of UK’s largest equipment rental companies, went into administration earlier in November after an effort to find backers wasn’t successful.
The assets acquired comprise the powered access and power generation fleet of Hewden, five "on-site" depots which service major petrochemical customers, the Interlift lifting and materials handling business and the Hewden brand name.
Alongside the asset purchase a number of Hewden's employees will be joining the A-Plant business.
A-Plant's chief executive Sat Dhaiwal, commented: "This acquisition significantly enhances A-Plant's offering in the industrial sector where we have been keen to develop our capabilities for some time. We are pleased to be taking over a number of important on-site depots at major petrochemical facilities and will ensure that a high level of service is maintained for all customers through the integration process. I would also like to welcome those Hewden employees who will be joining A-Plant as part of this process."