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Loxam Announces Acquisition of Stammis

Paris-based international rental company Loxam, has acquired the general rental equipment company Stammis from Riwal, an international aerial company based in Dordrecht, The Netherlands.

Stammis, founded in 1965 has a network of five branches located in northern Holland, and a full range of power and general equipment. Stammis became a subsidiary of Riwal through the acquisition of the Instant Holland Group in January 2010. Unlike Instant Amsterdam, with its rental fleet of more than 800 mobile elevating work platforms, Stammis was not integrated into Riwal.

After completion of the Stammis acquisition, Loxam B.V. will add five locations to its current network of two general equipment and five access branches.

The existing management of Stammis will remain in place and is expected to contribute to the development of Loxam B.V. and the Loxam Group in the Netherlands.

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Loxam has been present in the Netherlands since 2006 with its subsidiary Loxam B.V., after the acquisition of Spreeuwenberg Hoogwerk Systemen B.V. Loxam is the largest rental company in Europe with 540 branches and a fleet of more than 200,000 machines. In 2010, Loxam had a turnover of €702.5 million (about U.S. $988.3 million).

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