The Competition and Markets Authority (CMA) has cleared the way for HSS ProService Marketplace’s major supply and shareholder commercial agreement with Speedy Hire, marking the start of a digitally-driven model for building services across the UK construction and maintenance sectors.
The agreement brings together HSS ProService’s digital marketplace technology and procurement systems with Speedy’s network and operational expertise to enhance the UK’s first fully-integrated online marketplace for equipment, fuel and related services.
On HSS ProService Marketplace, Speedy replaces The Hire Service Company (THSC), providing customers with an improved service that promotes efficiency, savings and greater control. In addition, ProService becomes Speedy Hire’s sole supplier for rehire and resale.
As part of the agreement, Speedy has acquired a 10% shareholding in ProService, underlining its commitment to the marketplace and confidence in the shift toward digital procurement.
Speedy will supply the majority of core hire equipment available through the platform and provide testing services to ensure site safety and compliance. The deal also includes the transfer of a number of colleagues into the HSS ProService company. HSS ProService Marketplace will also be taking over Speedy’s rehire business.
“Contractors and trades want value and efficiency. They want clear pricing, availability and confidence that equipment will be there when needed. Our technology is the key to this,"said HSS ProService Marketplace CEO, Tom Shorten (pictured).
“Bringing Speedy into the HSS ProService Marketplace means we can offer a deeper fleet, a wider footprint, and a single digital platform that simplifies the process end-to-end. For a site manager, that means fewer phone calls, less admin and better control of hire spend."