The Kiloutou Group expands its presence in Europe with two acquisitions in Denmark and Italy

The KILOUTOU Group, Europe’s third-largest equipment rental company, continues its expansion in Europe with the announcement of agreements to acquire two new companies. In Denmark, Thor Jorgensen, a specialist in heavy earthmoving equipment rental, offers GSV, Kiloutou’s Danish subsidiary, an opportunity for development in the Jutland region and also enriches its catalogue in the heavy equipment segment. In Italy, FIM, a provider of lifting equipment rental services, will strengthen Kiloutou Italia’s offering and network in the Piedmont region.

The Kiloutou Group generates 40% of its revenue – €1.25 billion in 2024 – outside France. Over the next five years, the Group aims to position itself among the top three in all the countries where it operates – it already does so in Denmark, Portugal, France and Spain – and to achieve a distribution outside France of close to 50%.

GSV – Danish leader expands its presence in the west of the country

GSV joined the Kiloutou Group in 2022. It ranks first in the Danish market for equipment rental with or without operators (550 team members, 19 branches). The acquisition of Thor Jorgensen enables GSV to expand in the west of the country, where Thor Jorgensen (100 team members) has a strong historical presence.

An Italian subsidiary that is growing sustainably

Present in Italy since 2017, through the acquisition of four companies, including Cofiloc, Kiloutou Italia has quickly established itself as a leading player in the national construction and public works landscape (270 employees, 23 branches). This acquisition opens up new development opportunities, particularly in the Turin-Milan area where FIM is active. It will complement the offering of Kiloutou Italia’s new branch opening in Milan in 2023. FIM (17 employees in Novara) also brings Kiloutou Italia a comprehensive range of aerial work platforms, a market segment in which FIM is recognised for its expertise.

Stéphane Charlet, International M&A Director, and Vincenzo Basilicata, main shareholder and chairman of FIM

“These two new acquisitions underscore our desire to expand our playing field and boost the Group’s growth trajectory through external growth operations. The Italian market has a bright future ahead, with major projects offering promising prospects. In Denmark, we must continually challenge our leadership position to maintain our standing in a resilient and attractive market.”

Olivier Colleau, CEO of Kiloutou group

“We are committed to establishing a long-term presence in the countries where we operate. The companies we acquire are always chosen with a view to accelerating our geographical expansion or complementing our offering. We also attach great importance to selecting companies that share our values, based on sharing, customer focus and team spirit.”

Thibaut Le Chatelier, International Director of Kiloutou Group

These two successive transactions are part of the KILOUTOU Group’s development strategy, which aims to double its turnover in the medium term. They are in line with the Group’s development momentum, driven by steady organic growth and continued external growth.

^{* These two transactions remain subject to certain conditions, including regulatory approvals required by the antitrust authorities in Denmark.}