Boels Rental has acquired Netherlands based rental company Abird from private equity investor NPM Capital.
Boels Rental is one of Europe’s leading equipment and tool rental companies. The company has been active for 40 years and is now active in 17 European countries and has more than 400 branches.
Abird has been active for more than 50 years in the Benelux and Germany. It is specialized in the rental, sale and maintenance of industrial tools, welding equipment, hoisting and lifting gear, and air, light and power apparatus. The acquisition of Abird, which has 7 branches and a workforce of 127 people, will enable Boels Rental to continue strengthen its position and market share in the sector.
Pierre Boels, CEO of Boels Rental
“We are very pleased with this acquisition. Abird is a large independent industrial equipment provider in the Netherlands, with a strong regional presence in Western-Germany and Belgium. The acquisition of Abird represents an important milestone in our growth strategy. Together with the talented and experienced management and staff of Abird, we will continue to work towards our goal of becoming the most important equipment provider for the petrochemical and other industrial sectors.”
Hemingway Corporate Finance acted as exclusive financial advisor to Boels Rental.
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