Ashtead announce billion-dollar takeover

Plant hire group Ashtead today agreed to buy a major US competitor for $1bn (£550m/€804.81m).

Ashtead announce billion-dollar takeover
Wed, 19 Jul, 2006 - 11:17

Plant hire group Ashtead today agreed to buy a major US competitor for $1bn (£550m/€804.81m).

The Surrey-based firm, which operates as A-Plant and Tool Hire Shops in the UK, said the acquisition of NationsRent will make it the third largest rental group in the US and the second largest on a global basis.

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