21.10.2022

Klubb to acquire Isoli

French vehicle mounted lift manufacturer Klubb has acquired Italian truck mounted lift manufacturer Isoli, apparently in an all share purchase, acquiring the Isoli aerial lift business and its recovery truck product line.

We understand that employees were informed yesterday, and the deal will complete today. No details of the transaction have been revealed but Klubb has confirmed that the news we received is correct. We expect a press release to be issued shortly with the full details and a press conference is due to be held at Bauma next Wednesday.
Klubb and its predecessor Time France has been the Isoli distributor for France since 2006.

Klubb’s founder and majority owner Julien Bourrellis responding to a question from Vertikal.Net said: “We have been the Isoli dealer since 2006, so it was natural for us to go further. It is a really nice brand which needs to be refreshed and all my team is really excited by this project. Klubb is probably number one in market share on the utility sector in Europe but not yet in rental market. Isoli will help us to develop sales to rental companies.”

Isoli was founded in 1946 by the Isoli brothers to design and manufacture aerial work platforms, tow trucks and special equipment, including cranes and military recovery equipment. Over the years it has won a number of prestigious contracts for institutions such as the UN and sold its equipment all over the world. Today it operates from a 77,500 square metre purpose built plant in on the edge of Fontaniva, between Verona and Venice, with around 120 employees.

Klubb is one of the fastest growing manufacturers in the Europe, through both acquisitions and organic growth. Last year private equity firm Andera Partners acquired a “significant” but minority stake in the business though its Andera MidCap fund, intended to help maintain the company's expansion ambitions. See: private equity investor for Klubb