22.06.2018

Haulotte sells Italian rental business

Haulotte has sold 100 percent of its Italian access rental company No.Ve. S.r.l. to Loxam.

Rome based Nove was established in 1998 and has been controlled by Haulotte since 2006. The company employs 45 across six locations in Rome, Naples, Chieti, Bologna, Florence and Milan, with a fleet of around 1,000 aerial lifts and telehandlers.
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The move follows Loxam’s entry into the Italian market at the end of 2017, when it acquired an 80 percent stake in Italian powered access rental company Nacanco from the Giusto family. Four of No.Ve’s locations overlap with those of Nacanco, with runs 14 depots, however the Naples and Chieti locations add to Loxams geographic coverage. The addition of No.Ve takes Loxam’s fleet in Italy to around 3,500 units.

Haulotte deputy chief executive Alexandre Saubot said: “The divestment of Nove is in line with Haulotte strategic targets and will allow the group to focus on its core business in Europe. With this operation, Haulotte reinforces the close relationship built since several years with Loxam. Haulotte would like to thank Nove employees for these years of collaboration and wish them a lot of success with Loxam.”

Loxam chief executive Gérard Déprez added:“I am delighted to welcome the skilled and experienced Nove team into the Loxam group. Nove is a long established player in Italy and operates an equipment range very well known to the Loxam Group and we will be able to share our mutual expertise. We will join forces to provide our customers with the best service through an expanded network and build a reference company in the Italian equipment rental market.”