Riwal Acquires Swedish Aerial Rental Company Lipac
International mobile elevating work platform and telehandler rental specialist Riwal has acquired Swedish rental company LIPAC. The transaction is expected to close in early April.
Lipac was established in 1972 and specializes in MEWP and telehandler rentals. The company has five branches in central Sweden, with headquarters in Stockholm. Lipac has 37 employees and operates a fleet of around 1,000 machines, including scissorlifts, boomlifts, truck-mounted lifts and telehandlers.
“Sweden is one of the key target countries in terms of our growth strategy,” said Søren Rosenkrands, Riwal’s chief business development officer. “The acquisition of Lipac will significantly strengthen Riwal’s market position in Sweden. Riwal and Lipac are a strong fit as both companies are specialists in powered access and have complementary depot locations. We share the focus on delivering the best customer experience as well as core values such as safety and sustainability. We warmly welcome all of the Lipac employees into the Riwal family.”
Per Hedebark, Lipac owner and managing director said: “We are pleased that our company is joining forces with one of the global leaders in powered access rental. By pooling our knowledge and resources I am confident that we will be able to further develop our combined business in the Swedish market to the benefit of our customers. Lipac’s employees will be able to benefit from new development opportunities within the international Riwal Group.”
Riwal is based in Dordrecht, The Netherlands, and 75 branch operations in 16 countries, has more than 18,000 machines, and conducts business in more than 70 countries.
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.