Boels back on acquisition trail

27 July 2015

Pierre Boels, CEO, Boels Rental.

Pierre Boels, CEO, Boels Rental.

Boels Rental has taken the total of companies purchased this year to five following the dual acquisition of Toolmatic in Scandinavia and Belgian company Racor.

The company had already acquired Dutch business Port-o-Let and Yellow Rental, together with Drott of Austria, in the first half of the year.

Denmark-based Toolmatic, which specialises in the shop-in-shop rental concept at home improvement centres, has more than 250 rental locations in its home country, Norway and Sweden.

Racor’s main business is renting climate control and energy equipment to customers in the Benelux countries and France.

Boels CEO Pierre Boels said: “The acquisition of Racor fits our strategy of migrating from being a generalist to a specialist and Toolmatic is our first step into the Scandinavian market."

Latest News
Mace’s revenue passes £2bn mark
UK-based Mace has seen its revenue pass the £2 billion mark, driven by an expansion of global consultancy work and a five-year high for construction revenue
Corruption controversy engulfs Australian construction union
An Australian government minister has asked the federal police to investigate allegations of corruption against the construction division of the Construction, Forestry, Maritime, Mining and Energy Union (CFMEU)
10 biggest equipment rental acquisitions of 2024 so far
As we enter the second half of the year, IRN looks at the most recent and noteworthy business acquistions in the equipment rental industry