The UK’s Competition and Markets Authority (CMA) has given Loxam the all-clear for its Nationwide Platforms business to complete the acquisition of UK Platforms from HSS Hire.\r\n\r\nThe deal, worth £60.5 million is now likely to be completed early in the new year. The CMA issued a formal notice launching an inquiry into the planned takeover in early November, See Nationwide UK Platforms inquiry while the deal itself was finalise in July See Nationwide acquires UK Platforms\r\n
This company is already so massive, that it's eating itself.
After this takeover it will be simply gargantuan.
For me it's candidate no.1 for going bust during next recession.
We have massive bubble in Access industry, which gonna burst sooner or later.
Access companies are expanding fleets in thousands, everything fueled by cheap finance options, and fighting for a pennies, just breaking even.
As soon as the reccesion will hit the market, many of access companies will be in serious trouble.
Well it?s official CMA clearly didn?t listen and have let the devil take control..
sorry little man (small independent access companies) you will be out of business by February/March
UKP employees riding it out and didn?t jump ship in July will be pushed out by end of January
anyone else involved with the Loxam/NWP-UKP takeover are just doomed