The Abu Dhabi National Oil Company’s (ADNOC) shipping and maritime logistics arm, ADNOC Logistics & Services (ADNOC L&S), has announced that it has acquired all of the UAE-based assets of Speedy Hire PLC (Speedy), consolidating the position of ADNOC L&S as the largest integrated logistics provider in the GCC by adding over 2,000 pieces of material handling equipment. Speedy Hire is among the UK’s leading rental companies for tools and equipment used in the oil & gas, construction and industrial sectors. Under the terms of the acquisition, ADNOC L&S has taken ownership of Speedy’s equipment, stock and other fixed assets relating to its Middle East business, which comprise more than 2,000 piec
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