communication dated November 18, 2016 announcing
exclusive negotiations between the LOXAM Group (LOXAM)
and HUNE Group (HUNE), the acquisition of HUNE by LOXAM
has been completed on February 6th, 2017.
This operation is very positive for both companies,
strengthening LOXAM’s position as the European leader in
the European equipment rental industry, and becoming a
key player in Spain, as well as expanding its
geographical presence in Portugal, in Saudi Arabia and
Luis Ángel Salas, CEO of HUNE, said: “I am very satisfied
with the closing of this transaction that reinforces and
widens the company’s growth strategy, which will
undoubtedly benefit from the global growth prospects of
the LOXAM Group”.
Gérard Déprez, Chairman and CEO of LOXAM, added: “I am
very pleased to announce the completion of the
acquisition of HUNE, which will allow LOXAM to reinforce
its presence and to operate a national branch network in
HUNE and its shareholders, sponsored by Norgestion, are
advised by Société Générale and Santander, while LOXAM is
advised by Rothschild.
LOXAM is the leading equipment rental company in Europe
with unaudited pro forma consolidated revenue of €897
million in 2015 and approximately 5,000 employees.
LOXAM’s network of 650 branches extends over 11 countries
in Europe (France, Germany, the United Kingdom, Ireland,
Belgium, Switzerland, Spain, Luxemburg, the Netherlands,
Denmark and Norway) as well as in Morocco and Brazil.
More information: www.loxam.com
HUNE is a leading equipment rental company in Spain. It
operates a network of 43 branches of which 35 in Spain.
The company is also present in Portugal and France, and
operates joint- ventures in Saudi Arabia and Colombia. In
2015, HUNE consolidated revenue amounted to €67 million.
More information: www.hune.com