Kiloutou makes earthmoving acquisition
09 October 2019
Kiloutou has acquired Franche Comte Materiels (FCM), a company in the east of France that rents earthmoving equipment for construction and infrastructure projects.
FCM has two depots, in Besançon and Audincourt (Montbéliard), and its fleet comprises more than 600 machines, including excavators, wheeled loaders, roller compactors and various tools. The purchase price was not disclosed.
The transaction follows Kiloutou’s recent acquisition of Sticar, an Italian renter of aerial platforms and industrial forklift trucks.
Philippe Mougnard, owner and CEO of FCM, said he was delighted with the deal; “The proposed project was an essential element in my decision to sell. It will allow the company to continue its development by providing additional resources and resources. I am confident in the ability of the teams from both companies to make this merger a real success.”
Olivier Colleau, Executive Chairman of Kiloutou, said; “This merger enables us to develop our specialided TP [public works] network in the Franche Comté region and to fully benefit from complementarities with our current range of products in this sector.
“I am very happy to welcome the team members of Franche Comte Materiels to the Kiloutou Group.”