Microlease has started an expansion drive that
will include entering new markets, opening a new head office and
appointing three new staff.

The push comes after the test equipment lessor
was placed at number 85 on the Sunday Times Deloitte Buyout Track
100, a list of companies ranked by profit (EBITDA) growth over the
past two years.

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The company has set its sights on the Middle
East, Africa, Latin America and Asia, where the use of mobile
devices is growing most rapidly. Eastern Europe and the US were
also mentioned as target markets.

“There has been a surge in the use of mobile
devices and the stress that will put on networks will drive the use
of test equipment,” said George Acris, Microlease head of business
development in Europe.

Microlease appeared for the second year in a
row on the Buyout Track 100, which ranks the UK’s top performing
private equity-backed companies.

“This is recognition that we are going in the
right direction. The next steps from here will be to consolidate
what’s been happening and to expand further. We’ve spoken to major
organisations in Europe about how they procure, use and dispose of
equipment and we expect that to be a driver in the next three to
five years,” Acris said.

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Microlease will move to its new Harrow head
office within the next two months. The new appointments include
Stephanie Coleman, as director of strategy and planning, and, in
the last six months, David Knights as director of asset management,
and David Whitfield as head of sales.

claire.hack@vrlfinancialnews.com