Loxam is on the road to Rio with investment in Degraus

Paris-based construction and civils equipment rental firm Loxam has taken a 25% stake in Brazilian rental equipment business Degraus. Degraus, formed in 1987, is one of the South American country’s top five rental outfits, with a strong presence in Sao Paulo, Rio de Janeiro, Recife, Salvador and Porto Alere.
January 6, 2017 Read time: 1 min
Loxam chairman and chief executive Gerard Deprez

Paris-based construction and civils equipment rental firm 7979 Loxam has taken a 25% stake in Brazilian rental equipment business Degraus.

Degraus, formed in 1987, is one of the South American country’s top five rental outfits, with a strong presence in Sao Paulo, Rio de Janeiro, Recife, Salvador and Porto Alere.

Degraus has 450 employees at its 20 branches where it handles around 300 types of machines.

The investment gives Loxam a presence in a fourteenth country: Loxam has a turnover of around €812 million from 628 branches globally, employing nearly 4,700 people.

Loxam chairman and chief executive Gerard Deprez said the deal creates significant growth potential. “Our business know-how as well as the financial resources through this investment will allow Degraus to pursue its development and to strengthen market share,” he said.

The founder of Degraus, Izaac Costa, will remain majority shareholder as well as chairman and chief executive.

Earthmoving & soil compaction

For more information on companies in this article

Related Content

  • Egis buys Projacs to boost its Middle East presence
    August 5, 2015
    French engineering group Egis has acquired 51% of Projacs, a major project and construction management firm in the Middle East. Egis, based in Guyancourt, north of Paris, made the purchase for an undisclosed sum. The move follows the purchase in Brazil of highways contractor Lenc at the end of last year. Projacs, founded in 1984, is based in the Gulf Cooperation Council countries of Saudi Arabia, Bahrain, Oman, Qatar, United Arab Emirates and Kuwait, but also operates in neighbouring countries. It
    Read More
  • Salini Impregilo expands in the US with purchase of Lane Industries
    November 12, 2015
    Italian global infrastructure group Salini Impregilo has agreed to buy 100% of Lane Industries, an American highways contractor and the “top private asphalt producer” in the US. Lane, a family-owned business based in Cheshire, Connecticut, was bought for US$406 million and has a turnover of around $1.5 billion. The company has three divisions: asphalt production, road projects and other infrastructure projects, in domestic and international markets. A statement from Salini said Lane is participating i
    Read More
  • Loxam to demo demolition equipment at INTERMAT in Paris
    January 29, 2015
    Attendees to INTERMAT will see demolition machines in action, thanks to international equipment rental group Loxam. Loxam is based in France and opened its first international branch in Switzerland in 1996. It now operates throughout Europe and, since 2010, has had an operation in Morocco. It rents everything from heavy equipment and access platforms for major construction site operations to hand tools aimed at the small to medium size contractor. The company’s demolition, earthmoving and recycling equip
    Read More
  • Loxam to demo demolition equipment at INTERMAT in Paris
    January 6, 2017
    Attendees to INTERMAT will see demolition machines in action, thanks to international equipment rental group Loxam. Loxam is based in France and opened its first international branch in Switzerland in 1996. It now operates throughout Europe and, since 2010, has had an operation in Morocco. It rents everything from heavy equipment and access platforms for major construction site operations to hand tools aimed at the small to medium size contractor. The company’s demolition, earthmoving and recycling equip
    Read More

Highlighted Content