Kiloutou acquires in Spain
Kiloutou has acquired Madrid, Spain based construction equipment rental company Seralfe. The details of the transaction have not been disclosed.
Seralfe was established in 1991 by owners Jesús Martín Valladolid and Julián Hernández Delgado, and operates a fleet of around 1,600 machines, including skid steer loaders, dumpers, mini excavators, small equipment for builders along with a few telehandlers, scissor lifts and boom lifts. It employs 20 at is single location in Pinto on the south side of Madrid.
This is Kiloutou's fourth acquisition in Spain after Rentecnika in 2015, Alvecon in 2016 and CTC de Maquinaria in 2017.
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Jesús Martín Valladolid and Julián Hernández Delgado, said: "We are delighted with the acquisition by Kiloutou. The project has been an essential element in our decision to sell and we are convinced that that this combination will enable the company that we have created to continue its successful development by making resources and resources available additional".
Kiloutou chief executive Olivier Colleau added: “This acquisition is another part of our strategy to develop internationally and notably in markets with strong potential. It will enable us to reinforce our presence in the dynamic Madrid market and illustrates our capacity to add good quality local businesses to help build our existing local operations.”