Lipac Liftar AB in Sweden acquires ITEX Rental

By Murray Pollok15 September 2016

Per Hedebark, CEO, Lipac Liftar.

Per Hedebark, CEO, Lipac Liftar.

Swedish aerial platform rental company Lipac Liftar has acquired ITEX Rental AB, a small tools and equipment rental business with five locations.

The new owner said it planned to open further ITEX branded depots in areas where Lipac already operates. The terms of the deal were not disclosed.

Per Hedebark, CEO of Lipac, said; “ITEX is a competent and well known provider of construction rental equipment in the Stockholm area. The company provides Lipac with the ability to offer a broader spectrum of rental equipment to our customers."

ITEX’s outgoing CEO and owner, Johnny Rensfeldt, said ITEX represented a platform for further growth; “It feels encouraging and safe to pass the ownership to Lipac who can take over and expand the company both in Stockholm and out to other locations in Sweden."

Lipac Liftar said it would continue to expand ITEX and increase the number of rental depots in Stockholm, through both organic growth and acquisitions of rental companies. The growth will include opening of new ITEX depots in areas where Lipac already has locations.

Lipac already has depots in Stockholm, Borlänge, Gävle Jönköping, Linköping and Norrköping, plus ”partner depots” in Arvika, Eskilstuna, Kalmar, Nybro and Kungälv.

Latest News
StepUp Scaffold will bring Nordic Platform composite decks to North America
StepUp participated with Nordic’s development of composite decks and accessories over 12 years in Europe and believes North America is ready for their ESG and practical benefits
Vertical mast lift insights
A look at some of the newest vertical masts lift products and trends in thre market 
Subscriptions drive rise in sales for Trimble
Technology firm sees revenue up for second quarter of 2022