Acquisition in Spain for Loxam
By Murray Pollok12 July 2022
Loxam’s Spanish business LoxamHune has acquired Arteixo Maquinaria, a rental company with two locations in Galicia, north west Spain. The seller is José Purriños and his family.
Arteixo Maquinaria was established in 1978 and employs around 50 people in branches at Arteixo and Santiago de Compostela.
Luis Angel Salas, CEO of LoxamHune, said: “I look forward to welcoming Arteixo Maquinaria’s team to LoxamHune. Arteixo Maquinaria is an established and reputable player in the Galicia region, known for its operational excellence and premium equipment.
“We will join forces to provide our customers with the best service through an expanded and unique network.”
José Purriños, the Chairman and founder of Arteixo Maquinaria, said the business was “the company of my life, and without a shadow of a doubt, I leave it in good hands.
“Our position and knowledge, added to the experience and potential of the Loxam Group, will be the perfect mix for achieving great successes”
The President of Loxam, Gérard Déprez, added that the acquisition demonstrated Loxam’s commitment to grow further in Spain; “and, I believe, [it] will be an excellent fit for LoxamHune’s current operations.
“I am always pleased to welcome companies with strong local anchoring and experience, such as Arteixo Maquinaria, into the Loxam Group. ”