Carrier Rental Systems Acquires Watkins Hire as Part of Strategic Growth Plan

Carrier Rental Systems (UK), Ltd., one of the United Kingdom’s leading temperature control rental specialists, has acquired Watkins Hire as part of its long-term growth strategy. Carrier Rental Systems operates a nationwide rental service for high-performance chillers, air handling units, heaters and boilers, and works with related businesses in the UK, SLD Pumps & Power and Toshiba Carrier UK, to offer a complete service for industry, buildings and events. Carrier Rental Systems is a part of UTC Climate, Controls & Security, a unit of United Technologies Corp. (NYSE: UTX).Watkins Hire supplies specialist temperature control rental equipment focused on steam boilers, heating and hot water boilers, air conditioning and chillers for temperature control projects across the UK. Headquartered in Lydney, Gloucestershire, Watkins Hire has branches in the midlands and north of England, as well as Scotland and operates a specialist division to provide equipment for major events. “We are delighted to have Watkins Hire become a part of our heating, ventilating and air conditioning (HVAC) business in the UK,” says Richard Jones, managing director, HVAC UK. “Watkins Hire is a respected company within the UK temperature control rental sector and will further enhance our ability to serve our customers – in terms of geographic presence, equipment availability and choice of service and product offerings. Watkins Hire adds specialist rental expertise particularly in steam, heating and hot water boiler applications, and has a strong presence with key accounts in industry and the events sectors.” Jones adds, “We welcome our expanded team and look forward to working together for the benefit of our customers.” This release includes “forward looking statements” concerning the transaction, its impact, management’s beliefs and objectives with respect thereto, and management’s current expectations for our future operating and financial performance, based on assumptions currently believed to be valid. Forward-looking statements can be identified by the use of words such as “potential,” “believe,” “expect,” “expectations,” “plans,” “strategy,” “anticipate,” “will,” “should,” “see,” and other words of similar meaning in connection with a discussion of future operating or financial performance. These forward looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those anticipated including, but not limited to, the ability to implement the anticipated business plans following closing and achieve anticipated benefits, and the ability to realize opportunities for growth and innovation. Other important economic, political, regulatory, legal, technological, competitive and other uncertainties are identified in SEC filings submitted by UTC from time to time, including its Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K, and Current Reports on Form 8-K. The forward looking statements included in this press release are made only as of the date hereof. UTC undertakes no obligation to update the forward looking statements to reflect subsequent events or circumstances. Refcatalog   Source: www.carrierrentalsystems.co.uk
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