Boels makes acquisitions in Belgium and Germany
By Murray Pollok11 May 2012
Boels Rentals in the Netherlands has confirmed two more rental acquisitions in Europe. One is of a small rental business in Belgium, Loca-System, and the second is of German company Techno-rent Service, which small equipment from 450 ‘store-in-store' rental points at builders merchants and DIY stores in Germany and other countries.
The Techno-rent deal - which has still to close pending the completion of "minor formalities" - will see Boels add a further 450 in-store locations in Germany, Austria, Slovenia and Croatia. Boels now operates more than 1800 such locations in 11 European countries.
The Techno-rent business, founded in Regensburg in 1998, has 30 employees and rented mainly small equipment and tools to both professional and homeowner customers.
Loca-System, meanwhile, has been in the rental business for 20 years and operates two depots in Naninne and Marche-en-Famenne. It has nine employees.
Boels said the acquisition will reinforce its network in the Luxembourg and Namur areas, and increase its branch network in Belgium to 30.
These latest transactions follow Boels' acquisition of three companies at the start of this year - K-Rental, Warmerdam Hoogwerk Systemen and Floris Verhuur - and the more significant addition of Baurent at the end of 2011.
Boels Rental has rental activities in Belgium, the Netherlands, Luxembourg, Germany, Austria, Italy, the Czech Republic, Poland and Slovakia. In addition to its in-store locations it has more than 300 branches. It employs 2200 employees.