It operates<\/span>\u00a0a fleet of 1,300 access platforms and last year achieved revenue\u00a0of \u00a315m generating operating profit of around \u00a33.3m.<\/span><\/p>\n \n The acquisition complements Speedy’s previous powered access acquisitions, giving it a nationwide coverage to service customers with larger cherry pickers and scissor lifts.<\/span><\/p>\n Cost synergies will be realised from the operation of a national powered access business through Speedy’s national depot network.\u00a0<\/span><\/p>\n Previous Lifterz owners Malcolm and Ben Bowers will join Speedy’s business.<\/p>\n \n Over the last 18 months, Speedy has invested over \u00a350m in the powered access market to build a national presence through in-fill acquisitions and organic capital expenditure.\u00a0<\/span><\/p>\n Russell Down<\/span>, Chief Executive of Speedy, said:\u00a0<\/span>“The acquisition of Lifterz announced today is strategically important giving us a national powered access offering and enabling us to provide an end to end service to our customers right across the UK. I am delighted to welcome Malcolm, Ben and the whole Lifterz team to Speedy.<\/span><\/p>\n We are also pleased to report that full year revenues and profits will be ahead of the prior year and our results will be in line with expectations.”<\/span><\/p>\n In an associated upbeat end of year trading statement Speedy said pre-tax profit for the year to March would be ahead of expectations.<\/p>\n But after spending \u00a331m on acquisitions in the second half of the year, net debt was expected to rise to \u00a390m from \u00a370m at the same time last year.<\/p>\n \n![](\"http:\/\/www.constructionenquirer.com\/wp-content\/uploads\/CCDO-Banner-Loop.gif\"\/)
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