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HSS buys stake in Spanish franchise

PLANT

TOOL hirer HSS has declared its intention to increase its international presence with the purchase of a 25 per cent stake in its Spanish franchise operator, Rentecnika Iberica.

Chief Executive Paul Nolan said HSS was seeking international partners for similar joint collaborations.

He added: 'It makes sense that we combine our international tool hire experience with the entrepreneurial skills of independent tool hire specialists.'

Now the company is keen to expand its international operations and is actively seeking more partners for similar ventures, both in countries with existing HSS franchises and elsewhere.

HSS general franchise manager Michael Bellenger said: 'The decision to invest in Spain indicates our willingness to share risk and get directly involved in accelerating the growth of a company that already has a formidable presence in the country.'