Leading online equipment rental space player iSeekplant.com.au has seen Seven Group Holdings Ltd acquire a 25% stake in the company through a strategic investment.
Seven Group Holdings chief executive and managing director Mr Ryan Stokes said, “iSeekplant is driving innovation, efficiency and productivity in this important sector, using technology to help improve efficiency and relationships between the various players.
“iSeekplant is facilitating more options and solutions in plant and equipment between owners and users, which is helping enhance competitiveness,” he added.
iSeekplant CEO and co-founder Sally McPherson said, “Following our strong growth over the last year with the signing of major contractors to our platform, we can take the business forward quickly with the addition of SGH as a cornerstone investor.”
There are now about 3,400 large and small equipment hire companies across Australia now using its plant procurement platform.
In addition, a range of well-known top-tier contractors, including CPB Contractors, Clough, Downer EDI, BMD Constructions, John Holland, Laing O’Rourke, Acciona, Chevron, UGL and Rio Tinto, are now using the iSeekpant.com.au platform.