Lavendon buy
25 April 2008
GERMANY: UK rental company Lavendon is to buy German access rental company Gardemann for € 46 million (US$ 35 million) in cash and new shares, subject to shareholder approval. Lavendon already owns the Zooom rental business in Germany. Lavendon said the acquisition would boost its market share in Germany from 11% to 18%, adding Gardemann’s 1700 platform fleet to the 2700 machines operated by Zooom.
STAY CONNECTED
Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.
CONNECT WITH THE TEAM
Neil Gerrard
Senior Editor, Editorial, UK - Wadhurst
Tel: +44 (0) 7355 092 771
E-mail: [email protected]
Catrin Jones
Deputy Editor, Editorial, UK – Wadhurst
Tel: +44 (0) 791 2298 133
E-mail: [email protected]