Loxam buys Lev in France
29 February 2008
Loxam has acquired Haulotte Group's French access rental businesses, Lev and Royens Levage, for an undisclosed price.
The deal will add around 2000 aerial platforms to Loxam's existing access fleet and Loxam said the businesses generated €30 million in revenues in 2007. Haulotte acquired Lev from Fraikin in late 2003, at which time it had a fleet of 1500 units and revenues of €22.3 million.
Bernard Pointet, the former managing director of Lev who has been employed by Haulotte for the past four years, is staying with Lev and is now a Loxam employee.
Alexandre Saubot, Haulotte Group‘s chief operating officer, said the company had no current plans to sell any of its other access rental businesses, including its UK Platforms business in the UK.