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KILOUTOU

Acquired by

HLD

FRANCE Industrial Services EV [1b EUR - 100b EUR] 02/2018

Target

KILOUTOU

Acquirer

HLD

Context

HLD and Dentressangle acquired a majority stake in Kiloutou to support its transformation into a pan-European leader. Under PAI (2011-2017), the group doubled its size. The new shareholders' mission was to accelerate international growth (Poland, Spain, Germany, Italy) and technical specialization.

KILOUTOU, which reported an EBITDA margin of LOGIN in 2016, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the 11.3x average currently observed in the Business Services sector.

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

Kiloutou is the second-largest equipment rental company in France and a top-tier player in the European market. Founded in 1980 by Franky Mulliez, the group has evolved from a local challenger into a diversified international giant, recognized for its strong brand identity, high service standards, and aggressive pan-European expansion strategy.

Ent. Value

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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Other operations with KILOUTOU

DateAcquirerTargetCountrySectorDeal Context
04/2026KILOUTOUKDM HIREIRELANDEquipment Rental

Kiloutou has once again successfully expanded its European footprint through the acquisition of 100% of the shares in KDM Hire, marking its first entry into the Irish market. This strategic move represents the group's tenth acquisition within a fifteen-month window, underscoring an aggressive international consolidation strategy led by Olivier Colleau. Previously owned by its founders and management team, the Irish entity operates across both Northern Ireland and the Republic of Ireland, serving a diverse clientele including construction majors, pharmaceutical companies, and event organizers. The transaction allows the local management team to remain involved by reinvesting at the group level, ensuring operational continuity and the preservation of regional expertise. For Kiloutou’s majority shareholders, HLD and Dentressangle, the integration of this ninth national market is a critical step toward the 2030 objective of generating more than half of total revenue outside of France. By integrating a network of strategically located agencies and a large equipment fleet, the group strengthens its proximity to major industrial hubs in Belfast, Dublin, and Cork. This expansion aligns with the broader goal of achieving a top-three market position in every country of operation while diversifying its sectoral exposure to resilient industries.

06/2025KILOUTOUFROID LOC SERVICES (FLS)FRANCEEquipment Rental

Kiloutou acquired Froid Loc Services to strengthen its "specialist" division. FLS was integrated into Kiloutou Energie to create a comprehensive multi-technical offer (Power & Cooling). This acquisition allowed Kiloutou to address new resilient markets such as the pharmaceutical and food industries.

03/2022KILOUTOUGSV (GRØNVOLD & SCHOU VESTERGAARD)DENMARKEquipment Rental

Kiloutou acquired GSV, the Danish market leader, to establish its third major European pillar alongside France and Poland. This acquisition, the largest in Kiloutou's history at the time, allowed the group to integrate a highly digitalized player and expand its geographical footprint to Northern Europe.

12/2021KILOUTOUAB MATERIELSFRANCEEquipment Rental

Kiloutou acquired AB Materiels to densify its network in the Provence-Alpes-Cote d'Azur (PACA) region. This acquisition allowed Kiloutou to integrate approx. 40 employees and a fleet of over 600 machines, strengthening its competitive position in a high-demand geographical area for renovation and civil engineering.

01/2021KILOUTOUSALMATFRANCEEquipment Rental

Kiloutou acquired Salmat Nord to strengthen its historical stronghold in the Hauts-de-France region. This "bolt-on" transaction allowed Kiloutou to integrate a high-quality local fleet and a loyal customer base, optimizing its logistics and network density in a key industrial and construction hub.

02/2020KILOUTOULOCAMODULFRANCEEquipment Rental

Kiloutou acquired Locamodul to strengthen its "Kiloutou Module" business unit. This acquisition allowed the group to integrate a specialized technical team and a high-quality fleet of modular units, primarily in the dynamic Savoie and Haute-Savoie markets. The deal reflects Kiloutou's ambition to become a major player in modular space, competing with specialists like Algeco or Loxam Module.

10/2018KILOUTOUMICHAUD LOCATIONFRANCEEquipment Rental

Kiloutou acquired Michaud Location to reinforce its network in the Alpes-de-Haute-Provence and Var departments. This tactical acquisition integrated 3 branches and approx. 15 employees. It allowed Kiloutou to recover a loyal local customer base and a well-maintained fleet of about 300 machines.

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