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Monnoyeur Group buys into Alfaland

Wednesday, 12 Jul 2017 ( #829 )
News Story
European equipment rental giant Monnoyeur Group has acquired a key  shareholding in Spanish logistics provider Alfaland.

Monnoyeur, with an annual turnover of more than EUR1,600 million (USD1,823 million), is in the midst of an expansion strategy in which its maintenance equipment business has become one of the most important in Europe. Its rental fleet has reached 28,500 units and the company also has around 50,000 maintenance contracts.

Despite the change of shareholding, Alfaland will maintain its administrative and organisational independence, although its operations will be integrated into Monnoyeur's systems and processes.

A joint statement says Alfaland is beginning a new stage in which it expands its portfolio of products and services, improving its positioning in the market to meet the needs of a greater number of companies, by including in their offer the skills and experience that its new partner contributes.

Alfaland says that the development is a further step in its 34-year history, in which the group has evolved "to provide both equipment and complete solutions to companies linked to the world of logistics".

Tracing its roots to 1906, Monnoyeur’s expansion has seen its operations spread from France to Algeria, Belgium, Luxembourg, Poland and Romania.
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