Livingston becomes part of the Microlease group
European Rental and Sale organisation acquired by Microlease, the Frost & Sullivan 2013 Global Company of the Year in Test and Measurement Rental and Leasing Services.
Harrow, UK: 10 November 2014: Microlease plc, the leading test and measurement equipment management organisation, has announced that it has purchased the entire Share Capital of the Livingston group.
Livingston offers rental, lease and sales of electronic test and measurement equipment, supporting businesses in Data and Telecommunications, Defence and Aerospace, Electronics and Industrial Installation. Created in 1967, the company already has operations in Europe, the Middle East, Africa and the Far East. Prior to the current acquisition Livingston went through a management buyout in March 2004.
Livingston will continue to operate as normal under the new ownership and under the Livingston name. Business will continue as usual and there will be no impact or change to the services being provided to Livingston customers. The website will remain fully operational and all contact numbers will be unchanged.
The change in ownership will provide Livingston customers with a wider pool of equipment to access and greater investments in inventory and services. New parent company Microlease achieved the 2013 Global Company of the Year Award in Test and Measurement Rental and Leasing Services from leading research organisation, Frost & Sullivan, citing it as a ‘total solutions provider’.
‘This is an exciting new chapter in the history of Livingston’, said Nigel Brown, Microlease CEO. ‘Our customers will benefit not only from access to a wider range of equipment but also from the know-how of the enlarged Microlease team, which operates in many different markets and has developed a unique leadership position in test equipment management. Brown continues saying that ‘our aim is to keep adding value to our customers and to deliver best in class services. The acquisition of Livingston will increase our inventory considerably and strengthen our customer support infrastructure around the world.’
Microlease’s newly appointed European CEO Peter Collingwood added; ‘We’re delighted to welcome Livingston into the Microlease family.’ ‘Livingston has a wealth of experience in a range of different sectors to Microlease and I’m sure that our combined knowledge will benefit the customers of both companies.’
Livingston provides and manages test equipment for companies in more than 100 countries worldwide, giving them access to leading edge products regardless of their budget constraints. Founded over forty years ago, the company has built up a highly experienced team of engineering and supply chain professionals. Its services include rental, calibration management, and inventory management. Partnering with Livingston allows companies to optimise their capital expenditure, bringing greater return on investment, as well as generating cash for unused or underused assets through its equipment disposal and redeployment activities.
Microlease is the market leader in electronic test equipment, offering a range of solutions to help organisations globally use test equipment efficiently. Its services help minimise the costs of acquiring test equipment, optimise its use and maximise return at end of life without stretching capital expenditure, and include rental, leasing, sale of new and used equipment and buy-back as well as full asset management. Microlease supports its global customer base with over 30,000 test equipment assets worth over $430 million. A team of 240 specialists serves Microlease customers with projects in over 150 countries from offices across Europe, the Americas and Asia. Microlease currently provides equipment from leading manufacturers, including Anritsu, EXFO, JDSU, Keithley, Keysight Technologies, Rohde & Schwarz and Tektronix among many others.
Microlease was awarded the 2013 Global Company of the Year Award in Test and Measurement Rental and Leasing Services by leading research organization Frost & Sullivan.
For more information visit www.microlease.com
George Acris, Microlease plc, Unit 1, Waverley Industrial Park, Hailsham Drive, Harrow,
Middlesex HA1 4TR, United Kingdom. Tel: +44 (0) 20 84 200 200 Media Contact:
Tel: 01622 431757
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