Loxam makes Dansk Lift acquisition in Denmark
By Murray Pollok06 January 2014
Loxam has acquired Dansk Lift, the Danish powered access rental company which also has a subsidiary in Norway. The deal, for an undisclosed price, was signed before Christmas.
The acquisition gives Loxam a business with revenues of around €17 million in 2012 and with six depots in Denmark and four in Norway, where it operated under the Safelift name. It also has one branch in Sweden, in Malmö.
Loxam already has a business in Denmark, which it has had since 2007. The acquisition will boost this operation to 19 branches. All the Dansk Lift branches will be renamed as Loxam and it will take on Dansk Lift’s 80 employees.
Dansk Lift operated the Hertz equipment rental franchises in Denmark and Norway.
Gérard Déprez, chairman and CEO of Loxam, said: “The acquisition of this company, with operations also in Norway and Sweden, will help Loxam strengthen the position of its Danish subsidiary and continue expanding internationally.
“I am also pleased to welcome Dansk Lift and Safelift’s employees on joining the Loxam team. With management’s support, they will contribute to the group’s expansion in Northern Europe.”
Petter Hagen, CEO of Dansk Lift, adds: “I am very proud that the company I have managed over the past 11 years now joins forces with the European leader. I strongly believe that this transaction provides my staff with career enhancing opportunities.”
Loxam is active in 11 countries, with a network of 612 branches and 2012 revenues of €828 million.