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Australia’s National Hire to acquire Sykes Group

11 October 2010

National Hire Group Ltd has entered into an agreement to acquire Pump Rentals Pty Ltd, parent company of Sykes Group Pty Ltd, the Australian manufacturer and distributor of auto prime pumps for the mining, construction and civil engineering sectors, in a A$50 million deal.

“This is a company transforming acquisition for National Hire’s equipment sales and support business. Sykes pumps employ advanced technology and are regarded as a premium brand in the global pump industry. Sykes Group provides scale, volume and distribution opportunities for National Hire that will help underpin future growth,” said Andrew Aitken, managing director of National Hire.

“The acquisition enables us to expand our pump distribution into a number of new overseas markets. Over the longer term, we believe this will also create significant export opportunities for Allight’s lighting towers and other product lines,” added Aitken.

 

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