Hercules sold its suction excavator division for £2.4M, cutting debt and refocusing on core labor supply.

Hercules Site Services sold its suction excavator business to SNC Holdings for £2.4 million, reducing its debt and lease liabilities by £9 million. This move allows Hercules to focus on its core labor supply business and pursue acquisitions, while boosting earnings per share and profit before tax. The divested business accounted for 88% of Hercules' borrowings but less than 5% of its revenue.

2 months ago
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