10.07.2009

Riwal Instant

Riwal, the Dutch based international powered access specialist has issued its official statement on the acquisition of the Instant Holland Group.

The acquired business comprises: Instant Holland: powered access equipment rental, Instant Steigers – scaffold sales and rental, Stammis Verhuur - power generators and construction equipment rental and Ti-Rent - Construction equipment rental with operators.
Click here to see our original report
All of Instant’s businesses are located in the Netherlands and it operates from four main locations, two in the Amsterdam area, one near Den Bosch and one in Heerhugowaard. Its powered access rental fleet includes 845 aerial work platforms and 29 telehandlers, most of which is JLG and supplied by Riwal, the local JLG distributor. The company has 170 employees and was owned and managed by Allard May.

Instant Holland/Amsterdam was established in its current form in 1992 after a joint management buy out from UpRight which had established the business some 25 years earlier. The three locations, Apeldoorn, Schiedam and Badhoevedorp were bought out separately but were initially obliged to remain as a single operational business. Later on the Schiedam (Rotterdam) operation was acquired by Peinemann while Apeldoorn continues to trade successfully although very separately from the business that Riwal has acquired.

Vertikal Comment

With this move Riwal has cemented its position as the second largest aerial lift rental company in Europe, behind the Lavendon Group. Riwal has worked closely with Instant Amsterdam for some time and possibly had an ownership position or option in the business, although the company would never confimr nor deny it.

With its ongoing expansion overseas, Riwal is certain to take the title of Europe’s most international aerial lift rental company... possibly the most inernational equipment rental company? And with the ambitious plans it has may well catch Lavendon up in the not too distant future?