SOURCE: Algeco Scotsman

Algeco Scotsman

April 26, 2011 04:00 ET

Algeco Scotsman Acquires Speedy Space

Company Enhances Service and Product Offerings for UK Customers

BALTIMORE, MD--(Marketwire - Apr 26, 2011) - Algeco Scotsman, a leading global business services company focused on modular space and secure storage solutions, today announced the acquisition of the business and assets of Speedy Space, a division of Speedy Hire PLC. Speedy Space's fleet and operating branches will be integrated into Algeco's business operations in the United Kingdom, known as Elliott.

Elliott and Speedy Hire will also enter into a multi-year partnering agreement to provide customers in the UK with an integrated service that combines the expertise of each company in their respective products and services, making the full range of their products and services available to each other's customers.

"This acquisition affords us new capabilities to better serve all of our customers, especially those with needs throughout the country," said Mark Eburne, managing director for Elliott. "Customers can continue to rely on us for superior service and will now have access to more units from more locations."

As a result of the transaction, Algeco Scotsman has added more than 16,000 units to its fleet and new locations in Chicester, Swindon, Ipswich and Derby.

"This deal underscores our ongoing commitment to enhancing the reach and scope of our business in the UK," said Duncan Gillis, chief executive officer of Algeco Scotsman. "We welcome the Speedy Space team to the company, as we join forces to provide excellent service and value to customers."

About Algeco Scotsman
Algeco Scotsman is a leading global business services provider focused on modular space and storage solutions. Operating as Williams Scotsman in North America and Algeco in Europe, the company manages a fleet of more than 300,000 units, with operations in Belgium, Canada, China, Czech Republic, Estonia, Finland, France, Germany, Italy, Lithuania, Luxembourg, Mexico, Netherlands, Poland, Portugal, Romania, Russia, Slovakia, Spain, Sweden, United Arab Emirates, United Kingdom and United States. The company's reputation is grounded in exceptional customer service, effective management of business operations, and consistent product innovation. Algeco Scotsman's global presence combined with its local market expertise provides exemplary service tailored to meet the unique needs of customers throughout the world. For more information go to www.algecoscotsman.com.