As part of its growth strategy, Briggs Equipment has executed a purchase agreement to acquire Hitec Lift Trucks Ltd, enhancing its coverage and strengthening its presence in a key area of the country.
The independent dealer based in Wellingborough will become a wholly owned subsidiary of Briggs and will continue to trade under its own name with all current operational contacts remaining in place. Following completion of the acquisition, Hitec will represent the Hyster brand of fork lift trucks. Briggs recognises that Hitec has produced consistent revenue and profit growth in recent years and believes that through being part of the Briggs group, Hitec can achieve superior growth and fulfil its potential going forward.
Peter Jones, managing director of Briggs Equipment, said: “We are delighted to be able to make this announcement and to welcome the team at Hitec onboard. The acquisition allows us to lay strong foundations for the future of both businesses. Bringing together two customer-centric companies to share knowledge and expertise will help us continue to enhance our proposition and further differentiate the Briggs’ offering.”
Photo shows: From left to right: Prospero Girardi, Peter Jones, Andrew Selby and Gary Clements.