Haulotte Group announces sale of its Italian rental subsidiary
By Haulotte GroupNews Mergers, acquisitions, entries and exits
June 22, 2018 - Haulotte Group S.A. has announced the sale of 100% of the shares of the Italian powered access rental company No.Ve. S.r.l. (“Nove”) to Loxam Group (“Loxam”). Nove was founded in 1998 and was controlled by Haulotte since 2006. The company is headquartered in Rome and has 45 employees in 6 branches throughout Italy.
“The divestment of Nove is in line with Haulotte strategic targets and will allow the Group to focus on its core business in Europe. With this operation, Haulotte reinforces the close relationship built since several years with Loxam. Haulotte would like to thank Nove employees for these years of collaboration and wish them a lot of success with Loxam”, says Alexandre Saubot, Deputy CEO of Haulotte Group.
Gérard Déprez, President of Loxam states: “I am delighted to welcome the skilled and experienced Nove team into the Loxam group. Nove is a long-established player in Italy and operates an equipment range very well known to the Loxam Group and we will be able to share our mutual expertise. We will join forces to provide our customers with the best service through an expanded network, and build a reference company in the Italian equipment rental market.”
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