Lavendon: Loxam in vanguard for the acquisition

Based on the principle that its main levers of growth are abroad, Loxam is firmly battling to take over the assets of Britain’s Lavendon, one of the largest rental equipment providers in Europe with a business figures close to € 350 million.

The latest offer from Loxam of 506 million euros (425 million pounds) should ensure a favorable conclusion to the French company in this battle that opposes it to the Belgian industrial equipment manufacturer TVH Group. The latter had raised its offer on Lavendon Group to 468 million euros. It must be recognized that, as much for Loxam as for HST, this acquisition is the ideal gateway to the United Kingdom and the Middle East. Loxam is also in the process of acquisitions in Spain.
The Lavendon stock has gained around 75% since November 22 when TVH first announced its intention to buy Lavendon (source Reuters).