# Loxam completes acquisition of Lavendon Group

Loxam declared its offer for Lavendon Group plc successful, having received acceptances for 91.5% of shares. The acquisition creates the third largest global player in the powered access rental market, with a combined fleet of approximately 45,000 units and revenues over €1.3 billion.

- Type: Acquisition
- Announced: 2017-02-20
- Where: France
- Status: completed
- Products: powered access rental equipment
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Loxam](https://endata.com/companies/22331.md) (acquirer)
- [Lavendon Group](https://endata.com/companies/22332.md) (target)

## Sources

- [loxam.com](https://loxam.com/en/loxam-annonce-le-succes-de-son-offre-sur-lavendon-et-souhaite-la-bienvenue-a-lavendon-et-a-ses-employes/), 2017-02-20: "We are very happy to officially announce that our offer to acquire Lavendon has been successful."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.