Speedy Hire has secured around 200 jobs by purchasing Lloyds British Testing.

The acquisition, for an undisclosed sum, will see the new employees join Speedy from across a network of 12 Lloyds British offices in the UK.

Administration firm PwC were called in to Lloyds British two months ago after the company collapsed.

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Speedy said the company complements its existing lifting, testing and training businesses and will also enhance its overall offering to customers.

Pro-forma earnings before interest, taxes, depreciation and amortisation for the year to the end of December are expected to amount to approximately £1 million.

Speedy Chief Executive, Russell Down, said: "This acquisition gives us the ability to provide enhanced training, testing and lifting services to our customers, and realise synergies with our existing lifting business. I would like to warmly welcome Lloyds British employees to Speedy."

(LM)