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

  • Deere & Company planning to buy Wirtgen
    June 1, 2017
    A major acquisition looks likely for the construction machinery sector, with the German Wirtgen Group becoming part of Deere & Company. An agreement has been signed that will see Deere acquiring the Wirtgen Group.
    Read More
  • Software innovations benefit construction planning
    February 9, 2012
    Bentley Systems remains bullish with a healthy financial performance and continued investment in research and development, reports Mike Woof. The State Geological Institute of Dionyz Stur in Slovakia won an award in the Bentley Systems Be Inspired event's geotechnical category for an innovative project to log and analyse an area of the country's geology. As a leading player in the construction software sector, Bentley Systems is benefiting from growth in infrastructure investment worldwide. And despite the
    Read More
  • Liebherr achieves record turnover in 2012
    April 10, 2013
    The Liebherr Group achieved its highest turnover in its history in 2012. Turnover climbed over than 9% to €9.1 billion, while the company invested a total of €840 million in its operations. The 2012 business year progressed well for the Liebherr Group. Although the reduced dynamism of the world economy had a noticeable effect on orders received in the final months of the year, this no longer influenced turnover significantly. The Group increased its total turnover in the past business year by more than €760
    Read More
  • Rental market can grow buy must address challenges
    April 26, 2018
    Social and political factors favour the growth of the European construction equipment rental market, but the industry faces a number of challenges, said Gérard Déprez, president of leading rental company Loxam speaking at the Intermat Rental Day conference. Growing awareness that the shared economy brings cost and environmental advantages through more intensive and judicious use of equipment, together with a drive towards more mechanisation is increasing the demand for rental.
    Read More

Highlighted Content