Boels group acquires three rental companies to expand its specialist rental divisions in Sweden, Germany and the UK. Today, Boels announced the acquisition of KraftX AB, a specialist rental in power and backup power for industrial, construction and infrastructure sites. KraftX AB will become part of Cramo, Boels’ subsidiary in Sweden. Last week Boels acquired Illumin8, is a leading UK lighting tower rental specialist. Earlier Boels’ industrial division acquired Safelift, a lifting and hoisting specialist in Germany.
Expansion of power offering in Sweden
KraftX AB is a rental company specializing in generators and backup power for manufacturing, construction and infrastructure industry and electric power distribution. The acquisition of KraftX complements Cramo’s capabilities in terms of both products and expertise in a business area that is growing in importance for the company: “The acquisition of KraftX is an important part of our continued growth journey” says Managing Director Cramo Sweden Henrik Norrbom. “We have a long-standing and successful relationship with KraftX where our different abilities complement each other in a number of different projects and commitments. Together we can offer the market an even better range of products, expertise and sustainable productivity solutions.” KraftX operates 9 branches and serves customers all over Sweden.
Expansion of lighting tower offering in UK
Illumin8 is a lighting tower specialist with customers across varied industries such as construction, events, civil engineering, rail and TV & film. Asif Latief, Managing Director Boels Rental UK says: “We are very happy to welcome Neil Fenwick and the Illumin8 team to the Boels family. Boels has worked alongside Illumin8 for a number of years on very high-profile projects and events, and their product range, expertise and service levels are second to none.” Illumin8 have forged a reputation built on providing high quality products and customer service and this culture fits perfectly with Boels’ principles. With the acquisition of illumin8, Boels can now add lighting tower rental to its UK specialist divisions.
Neil Fenwick, Illumin8, and Asif Latief, Managing Director Boels Rental UK
Expansion of lifting and hoisting offering in Germany
Boels’ Industrial division also recently acquired a German lifting and hoisting rental company called Safelift. The acquisition of Safelift increases Boels’ industrial rental fleet and deepens its specialist knowledge of lifting and hoisting technology.
Further growth
Boels group aims to scale up its market positions by offering a continuously expanding one-stop-shop solution to its customers. That includes general rental and specialist rental solutions. Pierre Boels, CEO Boels Rental group: “Acquiring expertise, fleet and market share is important to scale up our business. Both internally for economies of scale and externally by adding value to our customers.“
