Riwal holds fleet sale and confirms capex

Riwal will hold its first Red Tag Sale event on 19 November this year.

By the end of 2015, the rental company will have spent €80 million on its rental fleet, thereby doubling the capital expenditure budget of 2014. About 60% of the investment will be in the renewal of its rental fleet resulting in about 1200 well maintained units becoming available for sale, said Riwal.

The Red Tag Sale will take place at the company’s depot in Amsterdam, the Netherlands. More than 200 machines will be presented at the event, all of which will be offered for sale at a ‘unique price’, said the company, only valid on that day.

The Red Tag Sale will also include demonstrations.