29 June 2015, 08:00
ATLAS RENTAL, the Moroccan generalist rental company for construction equipment and a subsidiary of the STOKVIS and LOXAM groups, announces the acquisition of MAROC ELEVATION, a powered access equipment company based in Morocco.
MAROC ELEVATION was founded in 2008 and it is a subsidiary of the French group ACCES INDUSTRIE specialising in the rental of powered access equipment. MAROC ELEVATION operates a network of three branches located in Casablanca, Tangier and El Jadida. MAROC ELEVATION operates a fleet of more than 200 machines.
Through this acquisition, ATLAS RENTAL, which operates under the brand LOXAM, contributes to the consolidation of the construction equipment rental market in Morocco and strenghtens its access equipment rental range.
Mr. Saïd ALJ, Chairman of the Board of ATLAS RENTAL, jointly with the group’s Board members, states: “I am pleased to announce the acquisition of MAROC ELEVATION and I am delighted to welcome all of its employees into our group. This acquisition will enable ATLAS RENTAL to increase its market share in equipment rental in Morocco and diversify its fleet into powered access equipment.”
Mr. Daniel DUCLOS, Chairman of the Executive Board of ACCES INDUSTRIE, comments: “I am proud to have created and developed this activity in Morocco and to have made MAROC ELEVATION one of the leaders in access equipment rental with its three branches. Following its disengagement from international activities, ACCES INDUSTRIE is selling its subsidiary MAROC ELEVATION to ATLAS RENTAL, having also ceased its activities in Spain and Portugal in 2013.”
Source: Loxam