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20/07/2021

Speedy Invests £10m In New Products

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Speedy has invested £10 million in new products for its four-hour guaranteed delivery promise, to meet rising customer demand for quick site deliveries.

The investment adds 25,000 new assets to the company's most popular 350 products made available through the service. It will boost the availability of equipment from lighting towers to power tools and materials handling kit from the firm’s network of 200 service centres across the UK and Ireland.

The hire provider has fulfilled 13,000 four-hour deliveries in the last 12 months, which represents a 30% year-on-year increase for the service from customers.
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Through the service, Speedy guarantees equipment to be delivered within four hours to anywhere in the UK and Ireland* when ordered before 3pm, or customers receive a week’s free hire.

The investment follows the £27 million invested in new kit since September last year, as the business responded to increases in customer activity. A significant percentage of this was in sustainable products, including increased investment in more sustainable battery powered equipment aligned with its strategy to reduce the carbon output of its hire fleet through investment in solar, hybrid, electric and hydrogen technology.

Dan Evans, Chief Operating Officer at Speedy, said: "The growing demand for our four-hour delivery promise reflects the value it’s providing our customers, helping them to be more productive and complete projects on time by giving them quick access to essential site equipment.

"This latest investment boosts the availability of our top products throughout the UK. It provides our customers with the re-assurance that we can support them to get the job done on time, so that they can avoid costly delays to the projects they are working on."

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