Rental Companies Making Moves: Acquisitions, Partnerships and Expansion Plans
Key Ideas
- Kiloutou expands its presence in Spain through the acquisition of ToolQuick Alquiler, adding 30 branches focused on tools for construction, renovation, and civil engineering sectors.
- Great Hill Partners partially sells UK-based software company BigChange to Australian field service management firm Simpro Group, aiming to scale globally.
- Haulotte collaborates with Equans to introduce a hydrogen-powered rough terrain scissor lift at Saint-Cyr-l’École military school near Paris, showcasing sustainable innovation.
- Caterpillar reports a decrease in sales for its construction industries segment in the third quarter of 2024, attributing it to sales volume decline and unfavorable price realization.
In the week of Oct. 24-30, 2024, rental companies made significant moves. Kiloutou acquired Spanish rental company ToolQuick Alquiler, strengthening its network in Spain with 30 new branches. Great Hill Partners initiated a partial sale of UK-based software company BigChange to Simpro Group, enhancing global scalability. Haulotte unveiled a hydrogen-powered scissor lift in partnership with Equans at Saint-Cyr-l’École military school, showcasing sustainable solutions. Meanwhile, Caterpillar reported a decrease in sales for its construction industries segment in Q3 2024, citing lower sales volume and price realization. In other news, WillScot Holdings Corp appointed Worthing Jackman to its Board of Directors, adding diversified leadership experience. The industry continues to witness acquisitions, partnerships, and technological advancements, indicating a positive trend in growth and innovation.
Topics
North America
Technology
Construction
Financials
Partnerships
Expansion
Industry News
Acquisitions
Appointments
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