NATIONAL HIRE BUYS SYKES GROUP TO DRIVE GLOBAL GROWTH
Allight has added to its stable of world class mining and construction equipment brands following news that its parent company, National Hire Group Ltd, has purchased leading pump manufacturer Sykes Group.
Completion of the acquisition was finalised on the 23rd November 2010.
Best-known for its mobile lighting towers, Perth-based Allight is also an exclusive Australasia distributor of Perkins engines, FG Wilson power generators, Rotair compressors and Godwin pumps.
Sykes has been a major player in Australia's pump market for more than 40 years, and since 2003 has extended its reach into major mining and construction markets around the world. The technology behind its range of auto prime pumps, which are produced at its manufacturing bases in Newcastle in NSW and Dubai, is widely regarded as among the most advanced in the world.
Sykes Group has established distribution networks and customers across a number of export markets including the United Arab Emirates, Africa, Indonesia, the United States and New Zealand. Over the longer term, significant export opportunities exist for the sale of Allight’s lighting towers and other product lines into these markets.
Following the acquisition, the combined group now has greater capacity to meet customer demand for sales and support of pumps, lighting towers and other distributed products.
Andrew Aitken, Managing Director of National Hire said: "This is a company transforming acquisition for National Hire’s equipment sales and support business. Sykes Group provides scale, volume and distribution opportunities for National Hire that will help underpin future growth."
Sykes Chairman Jon Collins added; "Combining Sykes with National Hire is very exciting because the businesses operate in common markets and appear to have similar core values. Like Sykes, the Allight brand is very well respected, and being in the same family as Westrac and Coates Hire will enable Sykes to raise its profile and access resources to create even more growth opportunities for all stakeholders."
Download ASX Acquisition Announcement - 7th Oct (.pdf)
Download ASX Completion Announcement - 23rd Nov (.pdf)
Media contact
Bree Andrijich, Marketing Manager, Allight Pty Ltd
bree.andrijich@allight.com
0412 688616
About Sykes
Sykes Group has been a major participant in Australia’s pump market for over 40 years. Since 2003 it has extended its reach into major mining and construction markets around the world and today is one of the world’s largest manufacturers and distributors of auto prime pumps.
Key features of the Sykes Group business:
- established global pump design, manufacturing and distribution business
- specialises in the delivery of standard and custom built pumping equipment for large scale mining and industrial applications
- manufacturing facilities in Newcastle (NSW, Australia) and Dubai (United Arab Emirates)
- established distribution networks across Australia, United Arab Emirates, Africa, Indonesia, the United States and New Zealand
- Sykes employs approximately 100 people across its business, including overseas contractors, led by a highly experienced and long standing management team
- expected turnover of $50 - $60 million for FY2011 (stand-alone basis).
