Kiloutou acquires Polish major
By Euan Youdale21 May 2014
France-based Kiloutou has acquired EWPA Majster, a leading equipment rental company in Poland.
Founded in 1989, EWPA Majster operates 20 branches in Poland with a fleet of more than 4,400 machines.
The existing Kiloutou Polska and EWPA Majster will retain their operational independence until the merger is complete when both will operate under the EWPA Majster brand. The companies will immediately start cooperating on a commercial level.
Xavier du Boys, CEO of Kiloutou Group, said: “This acquisition gives a great boost to our development in Poland. Through national coverage it enables us to effectively meet the needs of large accounts. I am very pleased to welcome the crew of EWPA Majster Kiloutou.”
Przemyslaw Atraszkiewicz, founder and majority shareholder of EWPA Majster, added that Kiloutou’s acquisition would provide resources which would allow the company to grow stronger. “I am confident in the ability of the teams to make this combination a success. Good luck to Kiloutou Group in the Polish construction equipment rental market under the EWPA Majster brand.”