Loxam announces the acquisition of JIAB HYRCENTER and thereby strenghtens its presence in northern Sweden
The Loxam Group (“Loxam”) announces that its wholly-owned subsidiary Ramirent AB has acquired JIAB Hyrcenter AB and its subsidiary JIAB Boden AB (together “JIAB”) from JIAB Fastighets AB, Kex Invest AB and Ave Capital Invest AB.
Established in 2011, JIAB is a leading general equipment rental player in northern Sweden. The company operates five branches in Luleå, Piteå, Boden, Kiruna and Gällivare, and employs approximately 55 people. With this acquisition Ramirent further strengthens its position in Norrbotten, and as the largest machine rental company in Sweden.
Johan Isaksson, founder, and CEO JIAB Hyrcenter, commented: “Becoming part of Ramirent represents a great opportunity for our company to tackle larger challenges. Together with Ramirent, we will have better resources, expanded competencies and a greater range of services for our machines, as well as new digital services, increased security, and a better working environment. The companies complement each other well and we strongly believe in sustainable machine rental.”
Johan Färm, CEO of Ramirent AB, stated: ”The transaction is part of Ramirent’s strategy to be the leading player with local roots all over Sweden. Through this acquisition, Ramirent will benefit from JIAB’ strong local anchor, which in turn will enjoy the backing of size and resources of the Ramirent and Loxam organizations.”
Gérard Déprez, President of Loxam, added: “The acquisition of JIAB demonstrates Loxam’s commitment to Sweden, Loxam Group’ second largest market, and to further develop Ramirent. Loxam is always pleased to welcome new colleagues, with whom to share mutual expertise and common ambition to continuously improve the service we provide to our customers.”
INVESTOR CONTACTS
| LOXAM
Patrick Bourmaud / Emmanuel Leblanc +33 (0)158 440 400 |
FTI Consulting
Cosme Julien-Madoni +33 (0)147 036 819 loxam@fticonsulting.com |
