# Criterion Equipment invests R45 million in forklift rental fleet

Criterion Equipment, exclusive distributor of TCM forklift trucks in Southern Africa, invested R45 million in a short-term rental fleet renewal programme, replacing older machines with new TCM forklifts.

- Type: Investment
- Announced: 2019-08-16
- Where: South Africa
- Value: $3.10M (45.0M ZAR)
- Status: announced
- Products: forklift trucks
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Criterion Equipment](https://endata.com/companies/41397.md)

## Sources

- [miningweekly.com](https://www.miningweekly.com/article/forklift-equipment-supplier-invests-r45-million-in-str-fleet-2019-07-31), 2019-08-16: "Forklift equipment supplier Criterion Equipment has embarked on a short-term rental (STR) fleet renewal programme for materials handling equipment manufacturer TCM – encompassing a R45-million investment in new forklifts."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.