Adapt-A-Lift Forklift Rental and Sales and NACCO Materials Handling Group have signed an agreement under which Adapt-A-Lift (AAL) will acquire NACCO Materials Handling Group’s Hyster retail operations and the National Fleet Network’s (NFN) rental fleet within Australia.
Under the terms of the agreement, AAL has purchased selected Hyster Retail and National Fleet Network assets, and secured the rights to the Hyster brand name, registered trademarks, and associated intellectual property within Australia.
AAL will build upon its forklift fleet management system by extending its rental fleet from 5,300 units to over 10,500 nationwide, as well as creating an immediate opportunity to compete in the national retail and parts market.
The acquisition will increase AAL’s national representation from five dedicated branches and service centres to fourteen.
“This acquisition represents a significant step forward in developing our core business” said Peter Whiffen, managing director, Adapt-A-Lift Forklift Rental and Sales “In addition, we will now have a greater presence in the retail sector, where we see significant opportunities for growth”
AAL assumed Hyster’s retail operations and NFN on 30 June and are in the midst of a 90-day transition plan. Over these 90 days, AAL will commence the process of integrating the current NMHG operations into the AAL business.
As part of this process, AAL intends to offer employment to as many current NFN/Hyster employees as operationally practicable.
Add a comment