The Kiloutou Group has signed an agreement to acquire Aquiloc, the leading equipment rental company in south-west France. This operation will enable Kiloutou to enrich its service offer for its customers and to actively participate in the concentration movement in the French market.
Aquiloc is a key player in equipment rental in the South West of France with a network of 23 branches (including one in La Rochelle under the Aloutout banner) and a workforce of over 150 people. The company has a fleet of nearly 5,000 machines (mainly mini excavators, loaders, backhoes and compactors) which it makes available to a professional clientele made up of independent tradesmen, SMEs and major national accounts in the building and public sector.
This acquisition will enable Kiloutou to consolidate its position as leader in the South-West of France and to enhance its range of services by giving the customers of both companies the benefit of complementary networks and a wide range of equipment. Kiloutou will draw on the experience and know-how of Aquiloc’s teams, who will retain a large degree of autonomy in order to continue to develop the business and offer its customers an ever higher level of service quality.
“This alliance allows us to continue to develop our network in France and to strengthen our local presence in a very dynamic region. In line with the numerous acquisitions made in recent years, it illustrates Kiloutou’s ability to unite companies with a high level of expertise around its development project. I am very pleased to welcome the Aquiloc team to the Kiloutou Group.”
Xavier du Boÿs, Chairman and CEO of the Kiloutou Group
“I am delighted with the acquisition of Aquiloc by the Kiloutou Group. It will enable the company to continue its development by combining its strengths as a regional rental company with those of a national brand, while continuing to offer its customers the excellent service for which it is renowned. I am confident that the teams of both companies will be able to make this merger a real success.”
Philippe Cassous, Chairman and majority shareholder of Aquiloc
The transaction is expected to close in early January 2016 and is subject to the fulfilment of conditions customary in this type of transaction.