Independent provider of cleaning equipment and associated services, ICE is to acquire 100 per cent of the Reintec and TecServ business.
Trading as Reintec, the business offers the hire and repair of professional cleaning equipment. TecServ delivers maintenance services which support the Reintec product offering.
Speaking about the acquisition, Mark Bresnihan, ICE CEO said: “This is the second acquisition for ICE in the last 12 months and represents a very exciting strategic opportunity for us going forward. Reintec share our values, beliefs and aspirations; they too want to transform the market and they see the same opportunities as we do to make that happen. The coming together of the organisations, also means that our strength and depth on a national level in terms of field engineering and logistical support will be unrivalled. It allows our operation to become far less Southampton centric, delivering higher quality and stronger levels of service and support to our existing sales, hire and service customers.”
Reintec Managing Director, Paul Lewis who will take the role of Chief Commercial Officer at ICE commented: “ICE is an extremely progressive business with a high degree of agility in both strategic development and investment, underpinned by a philosophy of building long term, strategic relationships and partnerships with like-minded organisations. ICE have spent 50 years building their business, ruthlessly focusing on customer delivery and innovation, and they have delivered sustainable growth in a tough competitive environment. This is a fantastic opportunity for Reintec, as it means focus and investment, which in turn will help us continue to support our customers.”
Reintec, TecServ and CES (acquired in December 2016) will now all be fully integrated into the ICE Group, and will all operate under four new ICE brands, which will come to market in the very near future.