Loxam acquires Stammis from Riwal

Loxam has acquired Stammis, a small general rental business in the Netherlands that was owned by Riwal. The purchase price was not disclosed.

Stammis was founded in 1965 and has a network of five branches in Northern Holland. It became a subsidiary of Riwal when it acquired Instant Holland in January 2010.

The acquisition will considerably boost Loxam's existing business in the Netherlands, where it has been operating since its 2006 acquisition of Spreeuwenberg Hoogwerk Systemen.

The five Stammis locations will be added to Loxam's existing two general plant depots and five access branches. The new locations are in Heerhugowaard (two depots), Beverwijk, Leiden en Corus.

Loxam said the existing management of Stammis will remain in place "and is...expected to contribute to the development of Loxam B.V. and the Loxam Group in the Netherlands", said Loxam.