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Haulotte sells hire business


Wednesday, 27 Jun 2018 ( #878 ) - L'Horme, France
News Story
Haulotte Group has announced the sale of 100% of the shares of the Italian powered access rental company Nove to Loxam Group.

Nove was founded in 1998 and has been controlled by Haulotte since 2006. The company is headquartered in Rome and has 45 employees in six branches throughout Italy.

"The divestment of Nove is in line with Haulotte strategic targets and will allow the group to focus on its core business in Europe," says Alexandre Saubot, deputy CEO of Haulotte Group.

"With this operation, Haulotte reinforces the close relationship built since several years with Loxam.

"Haulotte would like to thank Nove employees for these years of collaboration and wish them a lot of success with Loxam," he adds.

Gérard Déprez, president of Loxam, states: "I am delighted to welcome the skilled and experienced Nove team into the Loxam group. Nove is a long-established player in Italy and operates an equipment range very well known to the Loxam Group and we will be able to share our mutual expertise. We will join forces to provide our customers with the best service through an expanded network, and build a reference company in the Italian equipment rental market."
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