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Ashtead Group has announced the acquisition a number of assets from Hewden.
The £29 million deal was completed with EY, the administrator of Hewden, through Ashtead's UK business A-Plant.
The acquisition includes Hewden's powered access and power generation, five 'on-site' depots servicing major petrochemical clients, the Interlift lifting and materials handling business, as well as the Hewden brand name.
A-Plant's chief executive Sat Dhaiwal said the purchase "significantly enhances A-Plant's offering in the industrial sector".
"We are pleased to be taking over a number of important on-site depots at major petrochemical facilities and will ensure that a high level of service is maintained for all customers through the integration process," he said.
"I would also like to welcome those Hewden employees who will be joining A-Plant as part of this process."
(LM/MH)
