Kiloutou has acquired TORA, a small earthmoving and modular space rental company based near Lille in Northern France. The purchase price was not disclosed.
TORA has two depots – one for earthmoving and the other dedicated to portable accommodation – and employs almost 40 people. IRN understands that its annual revenues are around €10 million.
Its fleet comprises 1500 cabins and more than 700 excavators, loaders and compactors. Patrice Ougier, the chairman and majority shareholder of TORA will leave the business following the acquisition.
TORA’s accommodation depot willl now become Kiloutou’s modular space hub for Northern France, while the other location will strengthen Kiloutou’s offering of earthmoving and compaction equipment in the region.
Xavier du Boÿs, CEO of Kiloutou, said ; “”This acquisition is fully in line with Kiloutou’s multi-specialist strategy in France, which aims to strengthen our local positions in our core business as a general rental company, while continuing to develop our activities in new complementary specialties.
“”As far as the rental of modular buildings is concerned, it contributes to Kiloutou’s ambition to become one of the leaders of this market at national level””.
Mr Ougier of TORA said ; “”I am delighted with the acquisition of TORA by the Kiloutou Group. It will enable the company to pursue its development by providing additional resources and resources. I am confident in the ability of the teams of the two companies to make this agreement a real success.””