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

  • Astec president J. Don Brock steps down
    August 23, 2012
    Astec Industries Inc. founder J. Don Brock has stepped down as president of the Chattanooga, US-based company, and Norman Smith, who co-founded the company with Brock, will replace the 73-year-old CEO as president and chief operating officer. The new "decentralised company structure facilitates the development of a strong internal management team," Brock said. Smith, 72, has served as head of the company's asphalt division since 1998. He was president of both Astec Inc. and Heattec Inc, and has been a direc
    Read More
  • Zoomlion: new Europe strategy and GM
    June 9, 2021
    Zoomlion appoints Petre Babiceanu as Europe general manager as the Chinese company ramps up operations at its new European factory to increase its continental market share.
    Read More
  • Wacker Neuson bullish with strong results
    March 18, 2019
    Wacker Neuson is bullish with its latest financial results, showing record revenue for fiscal 2018 with. The firm saw double-digit growth in group revenue to reach €1.7065 billion, a jump of 11%. The firm benefited from even faster EBIT growth to reach €159.7 million, a jump of 22%, while EBIT margin improved to 9.4%. The firm’s new strategy includes initiatives reduce complexity while its revenue is expected to grow by 4-8% in 2019 The Wacker Neuson Group says that business grew across all regions and bus
    Read More
  • STRABAG reports satisfactory financial performance
    February 22, 2016
    Construction firm STRABAG says that its performance in the 2015 financial year was ‘satisfactory’ and that its outlook for 2016 is positive. “We closed an overall satisfactory year in 2015 with a higher output volume on nearly unchanged employee levels and a lower order backlog. In 2016 we want to maintain the output volume at its high level and raise our EBIT margin to 3%. Thanks to our improved risk management and cost reductions, we are confident that we will reach this goal after having also succeeded i
    Read More

Highlighted Content