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Sun January 20 2019

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A-Plant paid £5m for Hoist-it

11 Dec 18 A-Plant has now disclosed that it paid £5m to acquire Hoist-It, the Wigan-based hirer of rack and pinion hoists.

When A-Plant announced that it had taken over Hoist-It earlier this month, the purchase price was not disclosed.

However, parent company Ashtead’s half-year results statement today reveals that A-Plant paid £4m in cash for the entire share capital and took on £1m of Hoist-It’s debt.

[Click here to read our previous report on the deal.]

MPU

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