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

  • Innovative projects at IRF Awards luncheon
    February 22, 2013
    Since the launch of the IRF Global Road Achievement Awards (GRAA) program in 2000, our main objective has been to showcase innovation and leadership in the global road industry,” noted IRF president & CEO Patrick Sankey, as he opened the luncheon. “We are extremely proud our Awards Program has become an industry reference for innovators across the globe.” IRF Chairman Abdullah Al-Mogbel offered his congratulations to the award winners, noting, “…the award winners provide an inspiring example of the ingenuit
    Read More
  • Demand diversity in the construction equipment sector
    June 1, 2015
    Demand within the global construction equipment manufacturing industry is anything but homogenous, with certain countries and sales regions significantly outperforming others, with a whole host of factors fuelling and suppressing each key market - Guy Woodford reports
    Read More
  • Brazil launches new transport infrastructure investment plan
    August 30, 2012
    The Brazilian government has announced a new transport infrastructure investment plan involving the concession of motorway operations and modernisation of the railway sector. The private public partnerships are predicted to lead to an investment of US$65.68 billion (BRL 133bn) in the next 25 years, including US$ 39.63 billion (BRL 80bn) to be spent in the first five years of the contract.
    Read More
  • Brazil looks to stage major road construction event
    February 21, 2013
    The upcoming Brazil Road Expo event is capitalising on the country’s strong growth in highway construction. Brazil’s construction machinery market foresees an average growth of 12.5% in 2013, according to a survey of equipment manufacturers and importers released at the end of 2012. The third edition of Brazil Road Expo, the main paving technology and road infrastructure event in the country, is being held from March 19th-21st at the Transamerica Expo Center, in São Paulo. The event will gather some of the
    Read More

Highlighted Content