Competition watchdog calls in powered access merger

Aaron Morby 7 years ago
Share

The Government competition watchdog is investigating Nationwide Platforms’ planned £47m acquisition of rival UK Platforms.

UK Platforms owner HSS revealed it had agreed to sell the UK Platform business to Lomax Group, owner of Nationwide, last July.

Ahead of the deal been finalised in January 2019, the CMA is inviting market comments about whether the deal will reduce competition.

Nationwide Platforms is the UK’s largest mobile elevating work platform hirer with over 13,000 machines. It was taken over by French rental giant Loxam last year.

HSS bought UK Platforms five years from French manufacturer Haulotte and has around 3,000 platforms. Last year the business made a profit of over £8m from £17m revenue.

 

Latest news

Extra £1.5bn of funding agreed for armed forces housing

Defence Review also promises construction of six munitions factories
28 minutes ago

Thames Water seeks tunnelling contractors

Bidding launched for £242m Teddington drought resilience scheme
2 days ago

UK’s biggest data centre plan breaks cover in Lincolnshire

Plans submitted for £7.6bn AI hyperscale build near Scunthorpe
2 days ago

Government seizes control to fast-track £5bn reservoir plan

Ministers bypass local planners for Lincolnshire and Fens reservoir projects
2 days ago

London council unveils £150m housing estate revamp plan

Hackney gears up to deliver 341 infill homes at De Beauvoir estate
2 days ago

Worker injured during prep work at Persimmon site

Houlihan & Co worker airlifted to hospital
3 days ago

Morrisroe sales slide 15% but group edges back into profit

Turnover hit by safety regulator brake on new high rise resi projects
3 days ago

First platforms installed at HS2 Old Oak Common station

Balfour Beatty VINCI SYSTRA starts station fit-out work: Video
2 days ago

Murphy hikes profit 25% to £84m as orders smash £5.4bn

Order book jumps by nearly two-thirds as firm extends global reach
3 days ago

Cladding specialist EAG files administration notice

Sister firm of failed contractor Alucraft lodges court notice
3 days ago

John Lewis wins battle to build four resi towers above store

Ardmore in frame for landmark £240m Ealing towers plan above new Waitrose
3 days ago

Restructure pays-off for HG Construction

Turnover down but profit up as Building Safety Act delays schemes
3 days ago

Mace confirmed for £100m Natural History Museum job

Construction to start imminently at Thames Valley site
4 days ago

McAleer & Rushe starts £90m Birmingham student rooms job

Selly Oak project will transform derelict supermarket site
4 days ago

20 firms win £577m public estate maintenance framework

Procurement Assist signs off four-year framework for cyclical works
3 days ago

Cubby in talks over rescue restructure after civils job setback

Carlisle contractor hit by Carlisle Southern Link Road losses
4 days ago

Rayner rips up rules to get small builders building

Wildlife habitat rules and building safety levy dropped on sites up to 49 homes
4 days ago

Cladding costs recovery helps Willmott Dixon return to profit

Contractor claimed back £20m from third parties last year
4 days ago

£35m Hereford Western Bypass job to go to tender

Phase 1 tender set for September with design element included
4 days ago

GEG Capital swoops for high-voltage cable contractor APS

Inverness investor continues market expansion with deal for St Helens cable firm
4 days ago

Blackburn seeks bidders for £250m framework

Council starts tender process for major eight-year deal
4 days ago

House builders to face fines for dragging feet on site starts

New powers will let councils penalise slow developers and reclaim stalled plots
5 days ago

HS2 investigation into labour supply pay rates

Probe follows claims that self-employed workers were charged out at PAYE rates
6 days ago

Rydon narrows losses as £27m spent on fire safety repairs

Post-Grenfell work provisions increased to £19m
5 days ago

McLaren lands Boxing Academy school

Contractor starts work on East London site
5 days ago

Firms wanted for £1.5bn green housing retrofit deal

Procure Plus opens bidding for low-carbon housing upgrades framework
5 days ago

Waterloo Station revamp plan advances with new regeneration pact

15-year improvement scheme back on track with new partnership deal
5 days ago

Groundworks firm Corbyn goes under

£33m-turnover specialist now in hands of administrators
1 week ago

Home office says sorry to FP McCann after site raid

Precast concrete contractor wins damages over "entirely erroneous and unfounded allegation"
1 week ago

Race on for £60m London Gateway container yard job

Civils and M&E job up for grabs at Berth 5
1 week ago

Contractor services