Kiloutou acquires Spanish rental company Diaz-Miquelez
By Belinda Smart07 July 2021
Kiloutou has acquired Spanish general equipment rental group Diaz-Miquelez from its current owners Juan Diaz and Jorge Miquelez.
The deal will reinforce Kiloutou’s network in the northern part of the country, with a key presence in La Rioja region.
Diaz-Miquelez Group joins Kiloutou Spain ‘s network of 20 branches and 186 employees; and will adopt Kiloutou Spain branding in the coming months.
The acquisition follows Kiloutou’s acquisition of four companies in Spain since 2015.
Diaz-Miquelez has been operating since 1993 and is a prominent general equipment and scaffolding rental business in the city of Logrono, in La Rioja.
It operates four branches and depots around the city and has 35 employees operating around 900 pieces of rental equipment. Its offering includes bespoke services on large scaffolding projects, as well as a range of equipment and via direct delivery or pick-up services at local shops.
Olivier Colleau, Executive President of the Kiloutou Group said; “The acquisition of Diaz-Miquelez demonstrates Kiloutou’s commitment to the Spanish rental market and is fully in line with Kiloutou’s development strategy in the country, which aims at increasing our geographical coverage in high potential new areas.
“It illustrates once again our ability to federate quality regional stakeholders with a strong local presence around our development project.”
Jorge Miquelez, co-owner and co-Managing Director, Diaz Miquelez Group, said: “Our groups share mutual expertise and common ambition to continuously improve the services we provide to our customers.
“The handover will enable our teams to contribute to the growth of the Kiloutou group with our strong knowledge of the high potential market of La Rioja. I personally believe in the Kiloutou development project on the Spanish market and I am pleased to support it by continuing to further develop our commercial presence in the region, and by supervising the transformation of our company, which will benefit from new investments, services and resources.”
Kiloutou Group has undertaken similar moves to expand its presence in other markets including Poland, Italy and Germany in recent years.