# LOU-TEC partners with Torcan Lift Equipment

LOU-TEC, Quebec's leading heavy machinery rental company, has partnered with Torcan Lift Equipment, an Ontario-based elevation equipment rental and sales company. The transaction gives LOU-TEC a significant presence in Ontario, with Torcan's management and employees retained.

- Type: Acquisition
- Announced: 2023-10-11
- Where: Ontario, Canada
- Status: announced
- Products: elevation equipment, heavy machinery
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [LOU-TEC](https://endata.com/companies/63585.md) (acquirer)
- [Torcan Lift Equipment](https://endata.com/companies/73281.md) (target)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/lou-tec-and-torcan-lift-equipment-join-forces-874132940.html), 2023-10-11: "This transaction is in line with LOU-TEC's development plan, as it will enable LOU-TEC to establish a significant presence in Ontario and expand our existing business activities in that province."
- [vertikal.net](https://vertikal.net/en/news/tag/117/acquisition?page=10&tx_vertikal_pi10=69), 2023-10-19: "Canadian rental group Lou-tec has acquired aerial lift rental company Torcan Lift Equipment as part of its ongoing push into Ontario"

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