An update from HSS Hire ( (GB:HSS) ) is now available.
HSS Hire Group plc has announced the sale of its subsidiary, HSS Hire Ireland Limited, to Grafton Group plc for approximately €31.6 million. This move follows the strategic separation of its ProService and Operations business into distinct entities to enhance shareholder value. The sale is expected to strengthen HSS’s balance sheet and allow the company to focus on its core UK operations, positioning itself for improved returns as the UK construction sector recovers.
More about HSS Hire
HSS Hire Group plc operates through two main divisions: HSS ProService, a digital marketplace focused on customer and supplier acquisition, and The Hire Services Company (THSC), which provides tool and equipment hire and related services in the UK. The company serves a predominantly business-to-business customer base and is listed on the AIM Market of the London Stock Exchange.
YTD Price Performance: 4.00%
Average Trading Volume: 1,330,728
Technical Sentiment Signal: Strong Buy
Current Market Cap: £42.22M
Learn more about HSS stock on TipRanks’ Stock Analysis page.