Euroloc to invest heavily in aerials

15 April 2008

Jorge Perelli

Jorge Perelli

Jorge Perelli, Euroloc's chief executive, told Access International, “It's a market that Euroloc started late in – two years ago. Now we have 400 platforms and we are planning to make some acquisitions, or increase a lot our capital expenditure.”

Mr Perelli said as much as 40% of its spending could be on aerials, depending on progress with acquisitions. The company will invest around €30–40 million on all equipment next year, slightly less than in 2006. Mr Perelli also said it was not a potential buyer of the Universal rental business in Spain.

Euroloc, which was recently majority acquired by private equity company Advent International, plans to grow aggressively in Spain, with a rental revenue target of €130 million to €140 million by 2009. Turnover in 2006 was €72 million.

Latest News
The increasing affordability of electric equipment
Battery-powered machines are seeing more adoption from equipment rental companies, but many in the sector still need to be convinced
JCB and Manitou end patent disputes
Agreement ends six year dispute
Holtec wins £30m grant from UK government to advance small modular nuclear reactor
Energy technology company Holtec has won £30 million in grant funding from the UK government to take its small modular nuclear reactor concept through the first steps to assessing its suitability for construction.