The head of Fraikin UK has said Petit Forestier’s decision to abandon its plans to buy his leasing firm will not affect the business. Ed Cowell told Motortransport.co.uk that the French-owned company remains “truly confident,” pointing to the firm’s performance in 2016. This saw both Fraikin Group and Fraikin UK grow their long term contracts portfolio year-on-year by 6.4% and 10.5% respectively. Cowell said: “The management board and I are truly confident in the group’s future. We have a number of […]
Refrigerated-rental firm Petit Forestier is to buy leasing and rental provider Fraikin in a deal that will create a European player with combined sales of €1.3bn (£1.09bn).
Fraikin believes the DVSA’s earned recognition scheme can deliver improvements in vehicle uptime for operators.
When Peter Backhouse was appointed CEO of contract hire specialist Fraikin in May 2010, he set out a clear vision of where he wanted the company to be. 18 months on he gives Steve Hobson a progress report. Since his arrival at Fraikin after two years in charge of Bunzl Healthcare and 11 years at Ryder, CEO Peter Backhouse has repositioned the company from a straightforward contract hire and rental firm to a big game hunter, capable of taking on […]