Riwal acquires Lipac
Dutch international rental company Riwal has acquired Swedish rental company Lipac from owner Per Hedebark. Completion is expected by early April.
Lipac was established in 1972 as an aerial lift specialist and now also offers telehandlers. Based in Stockholm, it operates from five locations across central Sweden, with depots in Borlänge, Gävle, Linköping, Norrköping. It employs 37 and runs a fleet of around 1,000 machines, including scissor lifts, boom lifts, truck mounted lifts and telehandlers. Riwal began operating in Sweden when its Danish operation acquired the BMS access fleet in 2011 and began working across the border. It operates from a location in Malmö, southern Sweden.
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(L-R) Søren Rosenkrands of Riwal), Per Hedebark of Lipac and René Timmers of Riwal
Riwal chief business development officer Søren Rosenkrands said: “Sweden is one of the key target countries in terms of our growth strategy. The acquisition of Lipac will significantly strengthen our market position in the country. Riwal and Lipac are a strong fit as both companies are specialists in powered access and have complementary depot locations. We share the focus on delivering the best customer experience as well as core values such as safety and sustainability. We warmly welcome all of the Lipac employees into the Riwal family.”
Per Hedebark of Lipac added: “We are pleased that our company is joining forces with one of the global leaders in powered access rental. By pooling our knowledge and resources I am confident that we will be able to further develop our combined business in the Swedish market to the benefit of our customers. Lipac’s employees will be able to benefit from new development opportunities within the international Riwal group”.