Riwal has acquired Adam

Riwal has extended its depot network in Germany by acquiring rental company Adam GmbH.

Adam is a rental specialist of aerial work platforms, telehandlers and forklifts, founded in 1990 by Markus Adam. The company is based in Hanau, near Frankfurt, has 20 employees at two locations and operates a fleet of 110 machines, including scissor lifts, boom lifts and truck-mounted platforms.

Adam's founder will stay on to advise on the transition until the end of 2018.

The acquisition will be integrated into the German Riwal depot network, increasing the number of depots to 12.

Norty Turner, Riwal CEO, comments: "Following the purchase of AFI GmbH in 2017, the acquisition of Adam GmbH enables Riwal to further strengthen its market coverage in Germany, especially in the Frankfurt area as well as the Northwest of Bavaria. Riwal and Adam GmbH are a strong fit as both companies are specialists in powered access and have a strong customer focus. Adam GmbH has a wealth of experience in the rental of truck-mounted platforms, which will be beneficial to further expand our business in that market segment across Germany. Riwal warmly welcomes all of Adam's team members into the Riwal family."

Markus Adam says he is proud the company is joining forces with one of the global leaders in powered access rental. "We will be able to share our local market knowledge with the Riwal team and the acquisition will provide development opportunities for the employees.

"In the period ahead, I will closely work for Riwal to ensure a successful integration between the two companies."

The Riwal Holding Group, established in 1968 and headquartered in the Netherlands, is an international rental and sales specialist of aerial work platforms, telehandlers and power generators, employing over 2,000 people at 67 depot operations in 16 countries.