“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”, states Gérard Déprez, President of Loxam.
“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.
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.Back to transactions