Rental Industry Updates: Rebranding, Acquisitions, Hydrogen Adoption, and Corporate Changes
Key Ideas
- Tesya Group rebrands rental divisions in Italy, Spain, and Portugal to Alayan, aiming to consolidate rental activities and enhance brand recognition.
- Cooper Equipment Rentals in Canada acquires Rent All Centre, Skyhigh Platforms, and Big Stick Rentals, expanding network along Ontario's Highway 401 corridor.
- AFC Energy launches 2nd Generation H-Power S+ 200kW Generator in the UK, making hydrogen adoption more portable, cost-effective, and appealing for construction and off-grid power applications.
- Ashtead seeks shareholder approval for a US listing under Sunbelt Rentals Holdings Inc., potentially happening in 2026, while Trackunit sees a change in ownership with Goldman Sachs Alternatives becoming the majority owner.
The past week in the rental industry brought several notable updates. Tesya Group announced the rebranding of its rental divisions in Italy, Spain, and Portugal to Alayan, under the leadership of Vincent Albasini. Meanwhile, in Canada, Cooper Equipment Rentals made strategic acquisitions to enhance its presence along Ontario's Highway 401 corridor. In the UK, AFC Energy launched its 2nd Generation H-Power S+ 200kW Generator, signaling advancements in hydrogen adoption for construction and off-grid power applications. The push for cleaner energy is evident as OEMs and rental companies embrace hydrogen-based solutions. Ashtead's plans for a US listing and Trackunit's change in ownership with Goldman Sachs Alternatives also made headlines. Lastly, the distributor agreement between Trime and MHM Group concluded, with Trime taking direct control of its activities.