23.07.2019

Loxam to acquire Ramirent this week

Loxam has confirmed that its tender offer for Ramirent has resulted in acceptance from shareholders representing 96.25 percent of the equity in Ramirent.

It has also confirmed that it will now proceed with the purchase of the shares this week, it has also said that it aims to acquire the remaining 3.75 percent and delist the company from the stock market.

Loxam chief executive Gérard Déprez said: “Loxam is pleased to officially announce that its offer to acquire Ramirent has been successful. Ramirent and Loxam will now join forces to build a pan-European leader in the equipment rental business, a financially resilient, highly complementary and geographically balanced business that can better serve its clients through its enhanced scale. I am very much looking forward to working closely with the talented and experienced management team and employees of Ramirent and welcoming them in the Loxam Group.”

See Ramirent shareholders approve Loxam bid and Loxam bids for Ramirent