Pierre Boels (left) and Riwal's owner, Doron Livnat
Boels Rental, among the biggest tool hire companies in Europe, has actually concurred an offer to obtain aerial work platforms hir professional Riwal.
Boels states obtaining Riwal fits with its development technique and aspirations to end up being Europe's indisputable market leader.
The 2 companies together will have a powered gain access to fleet of more than 55,000 aerial work platforms and 830 branches in 27 nations with a combined fleet worth of EUR3.6 bn.
Brand-new markets that Riwal gives Boels consist of India and Qatar, along with including EUR310m turnover, from 65 branches around the globe with and an overall of 1,200 staff members.
Boels Rentals Ltd has approximately 30 outlets throughout the UK and turned over ₤ 30m in 2022, making a pre-tax revenue of ₤ 114,000. Riwal, by contrast, closed its loss-making UK subsidiarty in 2015. Most current represent Riwal UK reveal ₤ 11m turnover in 2021 and a ₤ 1.4 m pre-tax loss.
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