Europe’s Largest Equipment Rental Company Loxam Joins the SmartEquip Network
SmartEquip, a Ritchie Bros. company, welcomed Europe’s largest equipment rental company, Loxam, to its global equipment service and parts procurement network. In addition to supporting Loxam locations across France, where the solution is scheduled to go into its pilot testing phase in autumn, the platform is subsequently scheduled also to cover the company’s international business units in Belgium, Denmark, Germany, Ireland, the Netherlands, and Switzerland.
“We are delighted to welcome European industry leader Loxam to the SmartEquip Network, and to work together in creating a broad set of equipment lifecycle efficiencies for the company,” said Alexander Schuessler, SmartEquip’s founder and president of its international group. “And while Loxam’s equipment base is diverse and covers a wide geographic footprint, many of the company’s suppliers are already part of the global SmartEquip Network and are eager to further expand their use of the platform with this implementation.”
SmartEquip’s platform will connect suppliers directly with the parts and service workflow of Loxam’s individual locations, providing benefits to both sides. These suppliers will be able to provide real-time, equipment-specific service support at reduced effort and begin to receive electronic orders for parts and other items. Loxam, in turn, expects to benefit from service technician time savings, improved spare part procurement efficiencies, as well as increased equipment uptime.
“SmartEquip’s platform represents a natural fit with Loxam’s current digitization initiatives,” added Thierry Lahuppe, Loxam equipment director. “The solution’s combined approach to electronic spare parts procurement, digital service technician support, and to reducing equipment downtime, represents large opportunities for lifecycle efficiency improvements and enhanced profitability.”
The big rental five all use SmartEquip
With Loxam’s addition, SmartEquip now supports the five largest construction equipment rental companies in the world, including United Rentals, Sunbelt Rentals, Aktio (Japan), and Herc Rentals, alongside approximately 100 rental fleets and more than 650 suppliers across North America, Europe, and Japan.
Loxam is the largest rental company in Europe and fourth largest worldwide. With revenue of €2.2 billion in 2021, 1,160 branches and 11,370 employees, the Loxam Group is established in 30 countries in Europe and has the largest machine fleet on the market, with more than 650,000 items of equipment to anticipate, support and fulfil growing demand from companies that wish to outsource the procurement, management and maintenance of their equipment. Visit www.loxam.com
SmartEquip is the leading technology standard for equipment lifecycle management, service, and procurement support for the construction industry. The platform provides a multi-brand common connection and user experience for fleet owners and distributors of complex equipment. SmartEquip enhances ROI for all network participants by increasing equipment uptime, improving both technician wrench time and transaction accuracy, while reducing the total cost of equipment ownership. The SmartEquip Network currently supports more than 650 OEM brands, with more than 95,000 users across more than 42,000 equipment locations globally. The network supports more than $1 billion in parts transactions annually and the company is led by veterans of construction, technology and data sciences. Visit www.smartequipment.com.
About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.