31st Aug 2006 15:54
ASHTEAD GROUP PLC COMPLETION OF NATIONSRENT ACQUISITION Ashtead Group plc ("Ashtead"), the equipment rental group serving principallythe US and UK non-residential construction markets, today announces thecompletion of the acquisition of NationsRent Companies, Inc. ("NationsRent"),details of which were announced on 19 July 2006.The acquisition of NationsRent by Ashtead's US subsidiary, Sunbelt Rentals,forms the third largest provider in the large and growing US rental market,principally serving the non-residential construction market.George Burnett, Ashtead's Chief Executive, said:"We are delighted to have acquired NationsRent, a move that effectivelyaccomplishes our five year US growth strategy in a single step and with minimumoverlap. NationsRent is a high quality business that will benefit further fromthe application of Sunbelt's successful front line sales management techniquesas we integrate the two businesses."ENQUIRIES:AshteadCob Stenham, Non-executive Chairman +44 (0)20 7299 5562George Burnett, Chief Executive +44 (0)1372 362 300Ian Robson, Finance Director +44 (0)1372 362 300MaitlandBrian Hudspith +44 (0)20 7379 5151ENDASHTEAD GROUP PLCRelated Shares:
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