LOXAM completed the acquisition of Sofranel and Société Cominoise de Location the Beyens family.

LOXAM, an equipment rental company, completed the acquisition of Sofranel and Société Cominoise de Location, equipment rental companies, from the Beyens family. Financial terms were not disclosed. "We are very excited to welcome Sofranel and SCL into the Loxam Group. The geographical footprint, the skills of the teams and the quality of therental fleet of both companies are a very good fit to our activities. Loxam is always pleased to welcome new colleagues, with whom we share a common ambition to improve the service we provide to our customers," Olivier Grisez, Loxam Rental France Managing Director.