Loxam acquired Lavendon Group for £617m. The combination of Loxam and Lavendon creates the third largest global player in the powered access rental market, with a dedicated fleet of approximately 45,000 units. With a presence in 21 countries worldwide and combined revenues of more than €1.3bn (£1.1bn), this transaction bolsters Loxam’s leadership in the European equipment rental market, and opens new opportunities to further develop its activities throughout Europe, in the Middle East, and in the rest of the world.