Amey Group Services has entered a significant long-term contract with Speedy Hire, enhancing their sustainability initiatives.
- The deal, valued at up to £25 million annually, highlights a strategic alignment with Amey’s environmental and sustainability goals.
- Speedy Hire will provide non-operated plant, including innovative hydrogen-powered technologies to support Amey’s operations.
- This partnership is a key component in Speedy Hire’s broader strategy to significantly boost its annual revenue by 2028.
- Amey’s Chief Operating Officer emphasised the alliance’s role in accelerating the UK’s transition to net zero.
Amey Group Services, reinforcing their commitment to sustainability, has signed a notable long-term agreement with equipment rental specialist Speedy Hire. This strategic partnership is structured to deliver non-operated plant, with a contract value reaching up to £25 million annually. A spokesperson from Speedy Hire has indicated that the precise duration of the contract remains confidential, yet its significance is underscored by its alignment with Amey’s environmental, sustainability, and governance framework.
Central to this agreement is the provision of innovative equipment such as H-Power Generators and battery storage units. These are products of a collaboration involving Speedy and other industry players, introducing relatively new market solutions. Additionally, the inclusion of hydrogen-powered access platforms reflects both companies’ dedication to environmentally friendly operations.
This multi-year deal is not only a part of Amey’s green initiatives but also integrates seamlessly into Speedy Hire’s ambitious Velocity growth strategy. Speedy Hire’s CEO, Dan Evans, has articulated this strategy’s aim to elevate the company’s annual revenue to an impressive £650 million by the end of its 2028 financial year. This marks a strategic leap, signifying nearly a 50% revenue increase from their 2023 figures.
John Faulkner, the Chief Operating Officer of Amey, remarked on the strategic nature of the alliance, underlining its importance in the broader context of the UK’s move toward net zero. He stated, “this partnership plays a critical role in protecting the natural environment while accelerating the UK’s transition to net zero”. This sentiment highlights the forward-thinking approach both companies are championing.
This strategic partnership between Amey and Speedy Hire exemplifies a shared commitment to sustainability and innovation in the pursuit of net zero targets.
