The investment, which includes more than 250 generators, 350-plus on-site fuel tanks and 15 fuel tankers, is part of an upgrade programme to provide customers with the latest, fuel efficient equipment.
Speedy has acquired the entire issued share capital of training provider Geason Holdings from Ian and Robert Kilpatrick, and connected family trust companies.
A live delivery tracking service to help customers identify exactly where equipment is in real-time has been launched by Speedy Hire.
By Russell Down, chief executive at Speedy Hire
Speedy Hire says as part of its Capital Commitment initiative that it has introduced a 4-hour delivery promise in London.
Speedy Hire has announced year-end results revealing profits of £25.9 million, up 59.9% on last year.
VisionTrack has been chosen to supply 4G multi-camera DVR systems to the Speedy Hire fleet.