Electro Rent Europe and Microlease have announced today the beginning of the consolidation of their European operations. The merger will take place over the next few months, joining the global Electro Rent Corporation. The Microlease and Livingston brands will also be integrated into Electro Rent during this time. The unification of the two companies will make Electro Rent the largest independent test and measurement equipment solutions provider in Europe.
Following the completion of the merger, the new group will have combined equipment assets valued at almost €1 billion, giving it the largest inventory in the industry. The merger will allow the Electro Rent Corporation to strengthen and expand their customer base, widening the team of technical and engineering experts, along with asset management specialists, and face up to the financial, technical and measurement challenges they face.
Electro Rent
André Vandenberk, left, General Manager, Electro Rent and Peter Collingwood, right, Chief Executive Officer, Microlease
“Test equipment users will benefit from a unique brand-independent source with fast access to the widest range of equipment.” said Peter Collingwood, CEO EMEA, Electro Rent Corporation. “We look forward to sharing the benefits of this global collaboration across both Microlease and Electro Rent customers bases, offering expert applications and solutions advice without any disruption during the rebranding process.”
“We will be able to better serve our markets with an expanded equipment fleet and broader geographical coverage”, continued Peter. “This will ensure we have excellent availability levels and a higher level of technical service.”
The merger was made possible when the UK Competition and Markets Authority gave the all-clear to the two companies to proceed with unifying into a single entity. The Europe, Middle East and Africa operations will continue to be based in London.
Founded in 1979, Microlease is an equipment services and distribution provider to the test and measurement industry. The company was acquired by Electro Rent Corporation in 2016.
Since 1965, Electro Rent is a global provider of test and technology solutions that enable its customers to accelerate innovation and optimise investments. Electro Rent’s rental, lease, sales and asset management solutions serve innovators in communications, aerospace and defence, automotive, energy, education and general electronics.
Back to Homepage
Back to Technology & Innovation