JIAB HYRCENTER acquired by LOXAM

Loxam announced on 21 March 2023 the acquisition of JIAB Hyrcenter and its subsidiary JIAB Boden by its Swedish subsidiary Ramirent, from JIAB Fastighets, Kex Invest and Ave Capital Invest. Founded in 2011, JIAB operated five branches in northern Sweden, in Luleå, Piteå, Boden, Kiruna and Gällivare, and employed around 55 people. The purchase strengthened Ramirent’s position in the Norrbotten region and its standing as a leading equipment rental company in Sweden. Johan Färm, chief executive of Ramirent, said the deal fitted the strategy of building a national player with local roots across the country, combining JIAB’s local presence with the resources of Ramirent and the wider Loxam group. Founder and chief executive Johan Isaksson said joining Ramirent would give his company access to broader skills, a wider range of machine services and new digital tools. Loxam chairman Gérard Déprez presented the acquisition as a sign of the group’s commitment to Sweden, its second largest market, and to the continued development of Ramirent.

The acquisition of Jiab Hyrcenter is part of the growth strategy of Loxam, which already has several external growth operations under its belt, notably Hr Aluguer in 2022.