Loxam, the equipment rental company, completed the €970m tender offer to acquire 96.25% stake in Ramirent, which engages in the rental of construction machinery and equipment, from Nordstjernan. "The combination of Ramirent and Loxam represents a unique opportunity to build a truly pan-European leader in the equipment rental market... The acquisition of Ramirent is consistent with Loxam's strategy to build a geographically diversified business, with improved scale, able to better serve its clients. The combination brings together two strong and financially resilient groups which are fully complementary," Gérard Déprez, Loxam President and CEO.