The Kiloutou Group has just acquired Rentecnika, a company based in Spain, specialized in the rental of equipment. This transaction allows Kiloutou to pursue its international expansion by entering the Spanish market.
Founded in 1994, Rentecnika operates a network of seven branches in Barcelona and Madrid with a staff of 15. It has a fleet of nearly 5000 machines (tools, small equipment, mobile scaffolding, etc.), which it makes available to a professional clientele made up of craftsmen, SMEs and major national building public works. Kiloutou’s goal is to become one of the leaders in the Spanish market, which by its nature is particularly adapted to the model and know-how of the French rental company. Based on the Rentecnika structure and the expertise of its current manager Jordi Varela and its teams, Kiloutou intends to pursue its development in the Spanish market through internal growth, opening of branches and acquisitions.
This acquisition represents an important step forward in our development and confirms our international ambitions. The positioning of Rentecnika in terms of products and agency format is perfectly adapted to the expected evolution of the Spanish market, which should focus on the renovation of buildings.”
Xavier du Boÿs, Chairman and Chief Executive Officer of the Kiloutou Group
I am delighted at the takeover of Rentecnika by the Kiloutou Group, which will enable the company to accelerate its development by providing additional resources and capacity. It will thus be able to seize the many business opportunities that will arise during the market recovery.“
Santiago del Solar, President and shareholder of Rentecnika
This operation is part of an active development drive by the Kiloutou Group, with regular organic growth and continued growth. On an international level, it is extending the development strategy launched in Poland with the acquisitions in 2014 of the EWPA Group and Tytanium Rental.
The fourth-largest European rental company and a major player in equipment rental in France, the Kiloutou Group delivers product and service solutions to an extremely diverse clientele: major national companies, construction firms, craftsmen, local authorities and administrations, industries, services, SMEs. The Kiloutou group offers the widest range on the market with some 850 products and over 200,000 items of equipment in a variety of fields: aerial work platforms, earthmoving and construction equipment, first fix and second fix equipment, commercial vehicles and event-based equipment. With a turnover of 532 million euros in 2016 and a workforce of 4,000 in France, Kiloutou is continuing its expansion and now represents a network of 460 agencies, some fifty of which are with specialist building retailers, while around thirty are local stores established in city centres. The network also counts 34 agencies in Poland, 11 in Spain and 3 in