Electrorent / Microlease merger

David Thomas was today appointed as chair of a remedies implementation group in relation to the completed acquisition by Electro Rent Corporation of Test Equipment Asset Management and Microlease Inc. Electro Rent, a global corporation with its headquarters in the US, acquired Microlease in February 2017. Both companies were close competitors in the rental of specialist equipment that tests and measures the performance of electronic devices used in industries such as telecommunications, defence, utilities and information technology.