TOOL firm Speedy Hire has completed its £12.5 million acquisition of Amec logisitics and support service (LSS).

The company, which has a branch in The Parks, Newton, has signed a four-year agreement with Amec LSS to provide equipment for hire in the industrial related sector.

Steve Corcoran, chief executive said: "The securing of a four-year trading agreement will enable both organisations to maximise supply chain opportunities while assisting AMEC in its drive for operational excellence in the key areas of health and safety compliance and quality assurance."