Boels Rental announced the acquisition of Riwal, a renowned company with expertise in Aerial Work Platforms (AWP). This strategic move aligns with Boels Rental’s ambitious growth strategy to become the number one rental partner of choice in Europe, solidifying presence in existing markets, expanding into new territories, and enlarging AWP fleet.
Boels and Riwal, both hold strong market positions in their respective markets. In European regions where presence overlaps, Boels and Riwal will leverage combined experience and resources. But the prospective acquisition also opens doors to new markets, like Spain and France. Where Boels can rely on a dense European network, Riwal has a global footprint with branches in amongst others India and Qatar.
After integration Boels will be positioned for significant growth and profitability due to the increased geographical footprint and strong foundation of general rental, complemented with specialist rental divisions.