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AHT Ashtead Group Plc

5,734.00
10.00 (0.17%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ashtead Group Plc LSE:AHT London Ordinary Share GB0000536739 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  10.00 0.17% 5,734.00 5,714.00 5,716.00 5,792.00 5,702.00 5,768.00 689,524 16:35:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Heavy Constr Eq Rental,lease 9.67B 1.62B 3.6961 15.46 25.01B

Ashtead Group PLC Acquisition of CRS Contractors Rental Supply (4696L)

19/07/2017 8:00am

UK Regulatory


Ashtead (LSE:AHT)
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TIDMAHT

RNS Number : 4696L

Ashtead Group PLC

19 July 2017

19 July 2017

Ashtead Group plc

Acquisition of CRS Contractors Rental Supply

Ashtead Group plc announces that its North American business, Sunbelt Rentals, has signed an agreement to acquire CRS Contractors Rental Supply (CRS) for an initial cash consideration of C$275m with an additional earn out of up to C$20m dependant on future performance. CRS is a leading provider of rental equipment in Ontario, Canada employing over 400 people across 28 locations. The acquisition, which is subject to certain regulatory approvals, is expected to complete in the next few weeks.

Geoff Drabble, chief executive of Ashtead, commented:

"This acquisition is a significant next step in developing Sunbelt's position in Canada and our first move into the important Ontario market. I look forward to welcoming all of the CRS employees who will be joining Sunbelt as part of the acquisition and to working with them to deliver on the major opportunities ahead."

Further enquiries:

 
 Becky Mitchell/Tom Eckersley, 
  Maitland                        +44 (0)20 7379 5151 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

ACQUKUVRBNABARR

(END) Dow Jones Newswires

July 19, 2017 03:00 ET (07:00 GMT)

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