Algeco acquired Cell Mini earlier this 12 months adding 375 staff and an annual income of roughly £80m.
The transfer will result in some job losses starting with the proposed closure of the Algeco Peterborough office.
Keith Dorling, UK Managing Director, acknowledged: “We are executing a transformational switch to assign Algeco for lengthy-term insist. As section of this effort, the leadership crew is evaluating a range of alternatives for our combined businesses.
“Algeco in the UK is correctly-positioned for lengthy-term insist, and we are assessing how the combined businesses can free up cost for potentialities.”
“Bringing together plenty of winning organisations has presented the necessity and opportunity to in fact title what structure we imagine will enable Algeco and our of us to thrive.
“Now we have undertaken an intensive evaluation of our organisations over the last few months to better impress how we’re going to be capable of leverage our buyer proposition.”
It’s expected that the switch will be done by the heart of subsequent 12 months.
Algeco acknowledged: “We are proposing a series of redundancies at some stage in our combined organisations, discipline to session on the connected times. We would possibly perhaps well perhaps be seeking to minimise obligatory redundancy by redeployment opportunities.”