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FINNING EXPANDS UK RENTAL MARKET INVESTMENT


Thursday, 12 Sep 2002 ( #74 ) - VANCOUVER, Canada
News Story
Finning International, through its United Kingdom subsidiary Hewden Stuart, has acquired Maxxiom’s general equipment, hoist and accommodation assets for GBP18 million (USD28 million).

Finning bought Maxxiom’s 640-unit materials handling fleet in June, 2001. The latest purchase is the majority of the remaining assets of Maxxiom Ltd, and expands Finning’s rental fleet by 7200 units.

Hewden, which logged revenues of CAD313 million (USD199.1 million) for the first half this year, now has more than 350 depots and 4000 employees. Finning sells, rents and finances Caterpillar equipment in Western Canada, the UK and Chile.
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