Boels Rental acquires Abird from private equity investor NPM.
Boels Rental is one of Europe’s leading equipment and tool rental companies. The company is active in 17 European countries and has more than 400 branches. Its workforce consist of over 3,250 people. Boels Rental has been active in the rental market for 40 years and its turnover is forecast to grow by 15% in 2017 to €440 million.
Abird has been active for more than 50 years in the Benelux and Germany, and achieves an annual turnover of over €27 million. It is specialised in the rental, sale and maintenance of industrial tools, welding equipment, hoisting and lifting gear, and air, light and power apparatus. The acquisition of Abird, which has 7 branches and a workforce of 127 people, will enable Boels Rental to continue strengthen its position and market share in the sector.
Pierre Boels, CEO of Boels Rental
‘We are very pleased with this acquisition. Abird is a large independent industrial equipment provider in the Netherlands, with a strong regional presence in Western-Germany and Belgium. Although Boels is already active in the same market segment, the acquisition of Abird represents an important milestone in our growth strategy. Together with the talented and experienced management and staff of Abird, we will continue to work towards our goal of becoming the most important equipment provider for the petrochemical and other industrial sectors.
Michel Hogervorst, Managing Director of Abird
Boels has given us the opportunity to develop further at a fast pace in the industrial market at home and abroad. Because of the acquisition, we shall be able to continue to invest in our rental fleet and our staff will be able to carry on expanding their product specialisms. Knowledge, safety and quality are vitally important to our customers and Boels will help us deliver all three.
