mynth
02/2017

HUNE acquired by LOXAM

SPAIN Industrial Services / Equipment Rental REV 50M - 100M EUR

Context

The acquisition of Hune by Loxam is a strategic move to consolidate the European equipment rental market and expand Loxam's presence in the Iberian region. The deal enables Loxam to strengthen its market position in Spain and Portugal, and to extend its geographical reach to new markets such as Saudi Arabia and Colombia. The acquisition is expected to generate significant synergies, both in terms of cost savings and revenue growth, as Loxam is able to leverage Hune's network of agencies and customer base to expand its own operations. The deal also provides Loxam with access to new markets and customers, and enables the company to offer a more comprehensive range of equipment and services to its customers. The strategic rationale behind the acquisition is to create a leading European equipment rental company, with a strong presence in key markets and a wide range of equipment and services to offer to customers. The acquisition is also expected to drive growth and expansion for Loxam, as the company is able to capitalize on new opportunities and markets. The deal is a key milestone in Loxam's strategy to become a leading global equipment rental company, and is expected to have a significant impact on the company's future growth and development.

HUNE, which reported an EBITDA margin of LOGIN in 2015, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Business Services sector (11.1x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Hune is a leading equipment rental company in Spain, operating a network of 43 agencies, with 35 located in Spain, and additional presence in Portugal, France, Saudi Arabia, and Colombia. The company has a strong market position in the Iberian region, providing a wide range of equipment and services to the construction, industrial, and public works sectors. With a history of operations in the region, Hune has established a solid reputation for quality and reliability, and has been a key player in the Spanish equipment rental market. The company's services include equipment rental, sales, and maintenance, as well as related services such as training and consulting. Hune's extensive network of agencies and wide range of equipment offerings enable it to provide comprehensive solutions to its customers, making it a preferred partner for many construction and industrial companies in the region.

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Historical Financials (EUR)

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REFERENCES

Revenue range: 50M - 100M EUR

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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Acquirer: loxam