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| Nationwide
Access are further expanding their fleet of powered
access machines. |
Nationwide
Access's unprecedented level of investment in their UK hire
fleet means that the fleet is now more than double the size
of any of its competitors and will reach a level of 5,000
units later this year.
The
latest expansion is the result of a £10 million investment
to purchase 500 extra booms and scissor lifts to be spread
throughout the UK depot network which will top the 50 mark
by the end of the year. At the same time, Lavendon Group
plc have acquired Vibroplant's 311 powered access units
and are incorporating them into the Nationwide Access fleet.
The
news follows an announcement earlier this year of a £25
million fleet investment and brings the total expenditure
on machines in the UK to over £58 million in the past 18
months alone.
Lavendon
Group plc chairman David Price said there would be no let
up in the pace of the Group's investment throughout Europe:
"Because of our economies of scale, Lavendon Group
can provide powered access equipment at more competitive
rates than smaller, less efficient hirers.
"We
are consequently planning to significantly extend our share
of the powered access market over the next two years and
we are supporting the programme with a £67 million investment
in new equipment in the current year. This will be followed
by a similar level of investment next year."
In
1999, not an easy year for many operators in the UK powered
access rental market, Nationwide Access gained a large increase
in rental volumes without eroding profit margins. The customer
base grew to over 8,500 accounts during the year - a 20
percent year on year increase.
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