This combination will mean better service and support for customers, as well as access to a larger set of equipment for immediate availability, and greater technical expertise.

Together, the new group will have combined equipment valued at over $1.1 billion, making its inventory the largest in the industry. With a team of technical experts covering all aspects of engineering, along with leasing and asset management specialists, Electro Rent Corporation will be able to serve a broader range of customers and address the major technical and financial measurement and testing challenges they face.

“Users of test equipment will benefit from a single, brand-independent source with rapid access to the broadest range of equipment,” said Peter Collingwood, Managing Director EMEA, Electro Rent Corporation. “We look forward to sharing the benefits of this global collaboration between the Microlease and Electro Rent customer bases, offering expert solutions and seamless solution advice during the rebranding process.”.

Offering over 200 high-quality brands to buy, rent, or lease, Electro Rent Corporation also provides world-class asset optimization to help businesses maximize their investments.

In addition to benefiting customers, this combination will also serve employees and partners who will benefit from the overall investment. "We will be able to better serve our markets with an expanded fleet of equipment and broader geographic coverage," Peter continued. "This will ensure we have excellent availability levels and a higher level of technical service.".

The transition to a single identity as Electro Rent Corporation was made possible when the UK Competition and Markets Authority (CMA) authorized Microlease and Electro Rent Europe to operate as a single entity. North American headquarters are based in West Hills, California, while EMEA operations will continue to be run from the London offices.