13-01-2017

Speedy are pleased to announce that we have acquired the brand, business and assets of Lloyds British Testing Ltd ("Lloyds British") from the Administrator, PwC .

Lloyds British is a specialist business, which carries out testing, certification, and inspection of lifting equipment, and training from locations across the United Kingdom.  The Lloyds British operations date back to 1812 and for over 200 years the name Lloyds British has been synonymous with the best in lifting equipment engineering.   Approximately 200 Lloyds British Testing employees will be joining Speedy from across the existing network of 12 Lloyds British offices.

Lloyds British complements Speedy's existing lifting, testing and training businesses and will enhance our overall offering to all customers. Pro-forma normalised EBITDA for the year ending 31 December 2016 will amount to approximately £1m.

Commenting on the acquisition, Russell Down, Chief Executive, said:

"This acquisition gives us the ability to provide enhanced training, testing and lifting services to our customers, and realise synergies with our existing lifting business. I would like to warmly welcome Lloyds British employees to Speedy."

For any further enquiries please call 01942 720 000

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