Loxam announces the acquisition of HR – Aluguer de Equipamentos and strenghtens its presence in Portugal


The Loxam Group (“Loxam”) announces the acquisition of HR – ALUGUER DE EQUIPAMENTOS S.A. (“HR”) from Group GHP Investimentos – SGPS, S.A. (“GHP”).


Established in 1990, HR is a leading general equipment rental player in Portugal, where it operates three branches and employs approximately 40 people. Through this acquisition, LoxamHune, the wholly-owned subsidiary of Loxam overseeing its activities in Iberia, further consolidates its presence on the Portuguese equipment rental market. This acquisition completes LoxamHune’s existing network in the southern part of the country, and provides a nationwide coverage through a consolidated network of six branches.


Hipólito Mendes Pires, Chairman of GHP Group commented: “I consider it is an advantage for HR Equipamentos to be acquired by the Loxam Group, one of the leading equipment rental companies in the world, which will allow it to continue its growth path.”

Luis Angel Salas, CEO of LoxamHune, stated: “I am very pleased to welcome HR within the LoxamHune organization. The geographical complement and the competence of the team make a very good fit to our existing operations. We will join forces to provide our customers with the best service through an expanded network.”

Gérard Déprez, President of Loxam, added: “HR is a long-established player in Portugal, recognized for its technical expertise and operational excellence. I am always delighted to welcome skilled and experienced teams into the Loxam group. This acquisition demonstrates Loxam’s commitment to  grow further in Portugal.”


GHP has been advised by J+Legal (legal advisor) and Rivage Partners (financial advisor). CS’Associados provided legal advise to Loxam and KPMG acted as financial and tax due diligence advisor.