French international rental group Kiloutou has acquired German rental company M+S Arbeitsbühnen from owner Frank Schniedermeier.
M+S is based near Paderborn in North Rhine Westphalia, where it operates from a new facility with plenty of room for further expansion. The company is a member of the System Lift association of independent rental companies, employs 11 staff and runs a fleet of 110 aerial work platforms, telehandlers and trailer cranes – including boom lifts, scissor lifts, trailer lifts and truck mounts with working heights to 35 metres.
M+S and its management team will be integrated into Kiloutou’s German operations over the coming months.
Kiloutou group managing director Olivier Colleau said: "This acquisition fits in perfectly with our expansion strategy in Germany, with which we aim in particular to expand our presence in new regions with high potential. It reiterates our ability to attract high quality regional players of all sizes for our development project. With this approach, we hope to be able to cover the majority of Germany via further acquisitions in the near future. I warmly welcome the 11 employees of M+S to the Kiloutou group. "
Frank Schniedermeier added: "We are pleased about the acquisition of our company by Kiloutou. It enables our company to join a fast growing group to which we can contribute our capabilities, especially in the High Potential North Rhine Westphalia market. I personally believe in the Kiloutou development project in the German market and am pleased to support it by joining the group. We will continue to expand our presence in the region and drive the development of our subsidiary. We will benefit from new investments and a wider range of access platforms."