The move builds on the success and learnings of the company's short-term rental service in Europe, said to be ideal for customers looking for short term off-balance sheet solutions to fill production gaps or expand their operations but at minimal risk.
Working in partnership with its dealer network – who tend to favour longer-term rentals - Sandvik is bringing its financial strength and ambition to be a significant player in the U.S. rental sector.
As part of a long-term expansion plan for the service, the company is starting by offering Sandvik DX700 tracked drills commonly used in quarrying and highway projects. The company is initially launching its service in five states, with Tennessee, Kentucky, Georgia, North and South Carolina selected because the rental concept is already most established on the East Coast of the country.
“Construction, quarrying and mining customers in the U.S. are increasingly looking for off-balance sheet solutions when acquiring equipment,” says Olli Karlsson, business unit manager for Rental & Used at Sandvik. “With the industry booming across the country, this is an exciting time to be launching a rental service in the U.S. The ability to free up capital that rental and lease-based structures offer – not to mention the ability to tender for a wider range of work beyond the capability of small and mid-sized contractors’ current equipment fleets – is driving the market for flexible short term rental offerings.”
“This is just the start,” continues Karlsson. “Over time, we will expand across the U.S. and introduce other short-term rental equipment for construction, tunnelling, quarrying and mining.”
Sandvik’s fleet of all-new machines is supported by manufacturer service contracts and genuine parts for the duration of the rental agreement, with Sandvik rock tools also available.
More information on Sandvik’s new U.S. Rental Service can be found at: https://marketplace.rocktechnology.sandvik