A multi-award-winning forklift service in South Wales has secured a seven-figure finance package from HSBC UK to support its business growth plans and transition to net zero.
SWIE Holdings Ltd, based in Port Talbot, South Wales, will use the seven-figure finance package acquire South Wales Industrial Equipment Limited. The acquisition will allow the company to continue investing in electric/green forklifts to meet the needs of clients in the distribution, steel, and construction supply chain across the UK market.
Bernard Colston, Managing Director of SWIE Holdings Ltd, said: “We’ve been HSBC UK customers since 2001 so have a strong relationship with the team. They have always supported our growth and our Relationship Manager at the bank, Donagh Kenny, and the team did an outstanding job of working with us to put together a flexible and tailored finance plan that satisfies all our business needs.
“With this additional financing, we’ll be able to continue giving our clients the best service possible through our growing customer service teams and assisting customers with their move to net zero.”
Donagh Kenny, Relationship Manager for Wales and the West Midlands at HSBC, added: “We are delighted that SWIE-lift has benefited from our financial support as it continues to expand. We will work closely with the team to ensure that the needs of the business are recognised, and we look forward to witnessing the company’s continued expansion.”
South Wales Industrial Equipment Limited was established in 2001 as a small hire company. Since then, the business has grown significantly and is now a multi-award-winning distributor of Mitsubishi, Combilift and Aisle-Master Forklift trucks.
