{"id":15676,"date":"2023-04-21T09:59:39","date_gmt":"2023-04-21T16:59:39","guid":{"rendered":"https:\/\/essential.construction\/news\/wernick-group-to-invest-another-30m-this-year\/"},"modified":"2023-04-21T09:59:40","modified_gmt":"2023-04-21T16:59:40","slug":"wernick-group-to-invest-another-30m-this-year","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/wernick-group-to-invest-another-30m-this-year\/","title":{"rendered":"Wernick Group to invest another \u00a330m this year"},"content":{"rendered":"<p> <a href=\"https:\/\/essential.construction\/files\/membership-default-internal\/\" class=\"memberhide\"><img decoding=\"async\" src=\"https:\/\/essential.construction\/news\/wp-content\/uploads\/sites\/15\/2023\/01\/20220718_175041000_iOS.jpg\" alt=\"-\"><\/a><br\/><br \/>\n<\/p>\n<div>\n<p>The spending continues an ambitious investment programme over the last five years which has seen \u00a3200m pumped into company products and acquisitions.<\/p>\n<p>Investment in the hire fleet exceeded \u00a3142m over the period which enabled the company to add more than 14,000 buildings and 4,000 generators across the three hire companies, Wernick Hire, Wernick Events, and Wernick Power Solutions.<\/p>\n<p>Another \u00a330m has been invested across the group\u2019s estate including freehold purchases and development works of existing and new sites.<\/p>\n<p>Key projects included the construction of a new head office, new depots in Hull and Ampthill, major redevelopment of depots in Bury St. Edmunds, Cheltenham, Dartford, Eggborough, Mansfield, Leeds, Lochgelly and Wickford, and additional production space at the factories in South Wales and York<\/p>\n<p>The company also made strategic acquisitions, investing \u00a333m to acquire several companies and asset purchases including Interserve, Adlington Welding Supplies Power-Rite (UK) Ltd, Robert Purvis Plant Hire Ltd, AV Danzer Ltd and Portable Building Sales Ltd.<\/p>\n<p>Wernick Hire said it will continue to invest \u00a32m per month in its hire fleet this year adding around 2,500 buildings while Wernick Power Solutions has \u00a35m available for capital spending in 2023.<\/p>\n<p>Jonathan Wernick, Chief Executive Officer said: \u201cWe firmly believe that investment is a core value, not just a business strategy.<\/p>\n<p>\u201cWe understand that continuous investment in our products and business infrastructure is the key to securing a prosperous future, both for our company and for our customers.<\/p>\n<p>\u201cThat\u2019s why we\u2019ve made significant investments in these areas, and we\u2019ll continue to do so to fulfil our commitment to delivering the very best products and services to our customers.\u201d<\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5143531171910809\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- News - Bottom -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-5143531171910809\"\r\n     data-ad-slot=\"8320848692\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/www.constructionenquirer.com\/2023\/04\/21\/wernick-group-to-invest-another-30m-this-year\/\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The spending continues an ambitious investment programme over the last five years which has seen \u00a3200m pumped into company products &#8230; 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