Specialist Services Group has completed the acquisition of rental assets of HB Rentals outside the Americas for an undisclosed sum. This is in line with the company’s plan of further development and expansion in Europe, Middle East and Asia.
HB Rentals services its clients with its fleet of offshore accommodation modules and Zone rated office modules from its two locations in Aberdeen in the UK and Abu Dhabi in the UAE.
“That geographic footprint, as well as their high quality assets, are very similar to our own rental fleet, but we believe in the value add of acquiring a sizable quantity of 8 man offshore ABS certified accommodation modules. These units significantly increase our capacity to offer larger temporary living quarter solutions in Europe, Middle East and Asia,” says Ian Rogers, CEO at Specialist Services Group.
Along with the rental assets comes a series of new and existing customers, who have been renting these modular buildings from HB Rentals. These assets, contracts and customers are now all part of the Specialist Services Group business since Monday, 12th October 2020.
Specialist Services founding Director, Philip Bond, says: “I am pleased that we have bought these assets from HB Rentals. This will strengthen our rental business and having done it in the current market conditions says a lot about Specialist Services Group and our team.” —Tradearabia News Service