Briggs Equipment has announced it is to take ownership of Irish Lift Trucks (ILT). The acquisition of the dealer, which was part of the OHM Group in the Republic of Ireland, is part of the Briggs’s five-year growth strategy.
The purchase of the long-established dealer of a range of material handling equipment from Hyster will allow Briggs Equipment to expand its offering more quickly than on a standalone basis.
Peter Jones, managing director of Briggs Equipment, said, “We are delighted to be able to make this announcement. The market that Irish Lift Trucks serves so well is an ideal new market for the proven and successful Briggs Equipment proposition. The versatility of our offering means we have tremendous scope to build on existing relationships and develop new ones.
“There is also clear synergy between our two companies, beyond a strong reputation allied to the Hyster brand, and applying our scale to ILT’s marketplace makes good commercial sense. Applying our proven integrated proposition of short- and long-term rental equipment, asset financing, contracthire, asset management and engineering services, to an already solid base, can only mean great things for customers, existing and new.”
Declan McCourt, chief executive of OHM Group, said, “This is great news for our customers and marks the beginning of the next exciting phase in the development of Irish Lift Trucks. Briggs’s expertise in bringing added value, beyond the supply of OEM equipment, means our current customers and many new companies can benefit from a single source of supply for their industrial machinery.
“This move makes perfect sense for both businesses and the marketplace in general. It
also allows OHM Group to streamline our operations and dedicate our focus on target areas of expansion in our Car, Truck and Power Solutions divisions.”
August 4, 2017