Briggs Equipment has announced it has agreed to buy Irish Lift Trucks (ILT), part of Irish company OHM Group.
Briggs cited the clear synergy between the two companies as the major reason for the takeover, beyond a strong reputation allied to the Hyster brand, and applying its scale to ILT’s marketplace makes good commercial sense.
In a statement Briggs Equipment said: “Applying our proven integrated proposition of short and long term rental equipment, asset financing, contract hire, asset management and engineering services to an already solid base can only mean great things for customers, existing and new.
“This acquisition represents a very exciting opportunity for both Briggs Equipment and ILT to build on the experience and customer base that ILT possesses. Being part of a larger Hyster dealer will allow ILT to grow and expand its offering more quickly than on a standalone basis, providing customers with a broader solution underpinned by Briggs Equipment’s market-leading service levels.
“We have demonstrated how successful we can be across a large territory, providing nationwide coverage and engineering support. This announcement opens up a wider potential for commercial and industrial businesses across Ireland to achieve their objectives through improved efficiency, greater productivity and the flexibility to adjust their contract-hire assets in response to the changing needs of their operation.
“This move also allows us to maintain a presence in the EU at a time when the subject of European economic co-operation is going through a period of transition.
“The next few months represent an exciting time as we deliver on the great potential of the Irish Lift Trucks operation and expand the Briggs Equipment name and reputation to a wider audience. It will be business as usual with existing customers continuing to deal with their usual points of contact.”
Briggs Equipment managing director Peter Jones added: “We are delighted to be able to make today’s announcement. The market that Irish Lift Trucks serves so well is an ideal new market for the proven and successful Briggs Equipment proposition. The versatility of our offering means we have tremendous scope to build on existing relationships and develop new ones.”
OHM Group CEO Declan McCourt concluded: “This is great news for our customers and marks the beginning of the next exciting phase in the development of Irish Lift Trucks. Briggs’ expertise in bringing added value, beyond the supply of OEM equipment, means our current customers and many new companies can benefit from a single source of supply for their industrial machinery. This move makes perfect sense for both businesses and the marketplace in general. It also allows OHM Group to streamline our operations and dedicate our focus on target areas of expansion in our Car, Truck and Power Solutions Divisions.”