# Mills acquires JM Emphilhadeiras for R$279.5M to enter forklift rental market

Mills, Brazil's largest rental company, agreed to acquire JM Emphilhadeiras, a forklift rental company with over 1,900 machines, for R$279.5 million (€50 million).

- Type: Acquisition
- Announced: 2024-05-09
- Where: Agudos, São Paulo, Brazil
- Value: $54.0M (279.5M BRL)
- Status: announced
- Products: forklift rental services
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Mills](https://endata.com/companies/59518.md) (acquirer)
- [JM Emphilhadeiras Holding De Participações](https://endata.com/companies/77354.md) (target)
- [JM Empilhadeiras](https://endata.com/companies/77576.md) (target)

## Sources

- [internationalrentalnews.com](https://www.internationalrentalnews.com/news/mills-moves-into-forklift-market/8037177.article), 2024-05-10: "Mills said the deal, which has been approved by its board of directors, is part of its strategy to become a 'one-stop-shop rental company.'"
- [lexlatin.com](https://lexlatin.com/noticias/mills-adquisicion-jm-empilhadeiras), 2024-05-22: "El 9 de mayo se firmó el acuerdo mediante el cual Mills, empresa líder de arrendamiento de plataformas elevadoras y construcciones de alta complejidad en América Latina, compró la totalidad de las acciones de JM Empilhadeiras."
- [clairfield.com](https://www.clairfield.com/transaction/mills-jm-empilhadeiras/), 2024-06-12: "Mills acquired JM Empilhadeiras, dedicated to the sale, rental, and maintenance of forklifts and related equipment."
- [clairfield.co.uk](https://clairfield.co.uk/transaction/mills-acquires-jm-empilhadeiras/), 2024-06-12: "Mills acquired JM Empilhadeiras, dedicated to the sale, rental, and maintenance of forklifts and related equipment."

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