Loxam Announces the Acquisition of the Danish Equipment Rental Operations of Cramo
Loxam Group (“Loxam”) announces the acquisition of the Danish equipment rental operations of Cramo Plc (“Cramo”). The transaction is structured as an asset deal whereby all assets belonging to Cramo’s Equipment Rental operations in Denmark, including rental equipment, inventory, customer contracts and lease contracts for the seven branches are acquired by Loxam. Employees attached to the activity will join Loxam. In 2016, sales of the acquired perimeter amounted to DKK 149 million (EUR 20 million). Cramo will retain its existing Danish modular building rental business (‘Modular Space’).
This transaction enables Loxam to consolidate its position among the leaders in the Danish equipment rental market, where it has been present since 2007 and currently operates 24 branches.
Gérard Déprez, President of Loxam states: “I am pleased to welcome Cramo Denmark’s experienced employees into the Loxam group. Together we will join forces to provide our customers with the best possible service through an expanded network, and build a reference company in the Danish equipment rental market.”
“The decision to divest our Equipment Rental in Denmark is in line with Cramo’s new strategy Shape and Share, which aims towards a leading position in all Cramo markets. In the future, we will focus our investments on the potential in our Modular Space offering in Denmark”, says Leif Gustafsson, President and CEO of Cramo Group.
The transaction is subject to closing conditions and is expected to be completed by 31 August 2017.
Loxam is the market leader in the rental of equipment and tooling for building, public works and industry, with pro forma turnover of 1.3 billion euros in 2016 and a workforce of more than 7,300 employees. Its network of 750 branches extends across 21 countries on 4 continents: in Europe (France, Germany, United Kingdom, Ireland, Belgium, Switzerland, Spain, Portugal, Luxembourg, the Netherlands, Denmark and Norway), and also in Africa (Morocco), Latin America (Brazil and Colombia) and the Middle East (Saudi Arabia, Bahrain, Kuwait, Oman, Qatar and the United Arab Emirates).
Cramo is Europe’s second largest rental services company specialising in construction machinery and equipment rental and rental-related services as well as the rental of modular space. Cramo operates in fifteen countries and in about 324 depots. With a group staff around 2,600, Cramo’s consolidated sales in 2016 was EUR 712 million. Cramo shares are listed on Nasdaq Helsinki Ltd.
More information: WWW.LOXAM.COM
More information: WWW.CRAMOGROUP.COM
LOXAM press contact:
Yannick Duvergé, Tél : + 33 (0)1 71 70 38 38
Pascale Gréhan, Fanny Roullé & Philippine de Monts
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Ved at skrive dig op her, vil du modtage pressemeddelelser på mail når de udsendes. Indtast din mail og følg instruktionerne. Det er ligeså let at melde sig fra igen.
Flere pressemeddelelser fra Business Wire
CA-EDGEWATER-NETWORKS20.10.2017 23:02 | pressemeddelelse
Edgewater Networks Announces Event Sponsorship of BroadSoft Connections 2017
VA-CTA20.10.2017 17:10 | pressemeddelelse
More than 70 Companies to Showcase Top Tech at CES Unveiled Paris
PA-WESTINGHOUSE-ELECTRIC20.10.2017 14:17 | pressemeddelelse
Westinghouse Receives Regulatory Approval for Analysis Methodologies
CA-GILEAD-SCIENCES20.10.2017 14:05 | pressemeddelelse
Gilead Announces Multiple Scientific Presentations Demonstrating High Cure Rates in Difficult-to-Cure HCV Patients and Improved Long-Term Bone and Renal Safety of Vemlidy® in HBV Patients Switched from Viread®
TX-SCHLUMBERGER-LIMITED20.10.2017 13:02 | pressemeddelelse
Schlumberger Announces Third-Quarter 2017 Results
SP3H20.10.2017 12:49 | pressemeddelelse
SP3H Announces That It Has Obtained a €1.2 Million European Union Grant for Its Intelligent and Clean Vehicle (VIP) Project
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum