# Armac acquires Bauko Movimentação for R$ 213 million

Armac, a construction machinery rental company, has acquired 100% of Bauko Movimentação, a forklift rental company in Brazil, for R$ 213.2 million. The deal includes assumption of R$ 41 million in net debt.

- Type: Acquisition
- Announced: 2021-11-04
- Where: Brazil
- Value: $38.0M (213.2M BRL)
- Status: announced
- Products: forklift rental
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Armac](https://endata.com/companies/58818.md) (acquirer)
- [Bauko Movimentação](https://endata.com/companies/58819.md) (target)

## Sources

- [moneytimes.com.br](https://www.moneytimes.com.br/armac-compra-bauko-movimentacao-por-r-213-milhoes-e-entra-em-empilhadeiras/), 2021-11-04: "A Armac (ARML3), que faz locação de máquinas para construção civil, adquiriu 100% do capital da Bauko Movimentação, empresa que é uma das maiores na locação de empilhadeiras elétricas e a combustão do mercado brasileiro por meio de contratos de longo-prazo."

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